Launch Point CDC Inc

Analysis

Launch Point CDC Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in June 2023, 3 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Launch Point CDC Inc reported income of $385k and spending of $464k, spending 121% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $835k to $385k (-54%), an average of -54% a year. The sharpest change came in the year to December 2023, when income dropped by 54%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Launch Point CDC Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include Good Neighbor Emergency Assistance Inc ($385k), Columbus Hospice Inc Building Irrv Endowment TR ($385k) and Lee County Fair Association ($385k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2,871 against liabilities of $0, net assets of $2,871.