Re-Launch Ministries Inc

Analysis

Re-Launch Ministries Inc is a registered charity in United States, based in Anderson, SC. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Re-Launch Ministries Inc reported income of $255k and spending of $247k, spending 97% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $214k to $255k (+19%), an average of +9.0% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Re-Launch Ministries Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 64th percentile within SC. Charities of a similar size with the same main cause include Glorious Silver Mission ($255k), Lutherlyn Properties ($255k) and South Carolina Falun Dafa Association ($255k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $95k (38% of expenses). At year end it held assets of $120k against liabilities of $0, net assets of $120k. It reported 1 employees.