Launch

Analysis

Launch is a registered charity in United States, based in Denham SPGS, LA. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Launch reported income of $1.4m and spending of $1.3m, spending 90% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.0m to $1.4m (+36%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Launch sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within LA. Charities of a similar size with the same main cause include Clinica Colorado ($1.4m), German Old Folks Home Inc ($1.4m) and Hale Foundation Inc ($1.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 16% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $77k (6.1% of expenses). Other salaries and wages came to $657k. At year end it held assets of $1.4m against liabilities of $724k, net assets of $638k. It reported 35 employees.