Launching Leaders Worldwide Inc

Analysis

Launching Leaders Worldwide Inc is a registered charity in United States, based in Cedar City, UT. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Launching Leaders Worldwide Inc reported income of $56k and spending of $35k, leaving 38% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $40k to $56k (+43%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Launching Leaders Worldwide Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 21st percentile within UT. Charities of a similar size with the same main cause include RCHS Music Boosters Inc ($56k), Center for Educational Equity ($56k) and Teachall Inc ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $89k against liabilities of $151k, net assets of -$62k.