Launch Alaska

Analysis

Launch Alaska is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Launch Alaska reported income of $2.8m and spending of $2.5m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $695k to $2.8m (+297%), an average of +41% a year. The sharpest change came in the year to June 2022, when income rose by 133%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Launch Alaska sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within AK. Charities of a similar size with the same main cause include Be a Helphing Hand Foundation ($2.8m), Eau Claire Community Complex Inc ($2.8m) and New Community Employment Services Corporation ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $932k (38% of expenses). Other salaries and wages came to $497k. At year end it held assets of $210k against liabilities of $275k, net assets of -$65k. It reported 11 employees.