Nashville Launch Pad Inc

Analysis

Nashville Launch Pad Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2022, Nashville Launch Pad Inc reported income of $402k and spending of $399k, spending 99% of its income. Across the 3 years on record, from December 2020 to December 2022, income grew from $332k to $402k (+21%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 15%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Nashville Launch Pad Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within TN. Charities of a similar size with the same main cause include Hoskins Park Ministries Inc ($401k), Asi Woodlands Senior Housing Inc ($402k) and Pinn Gardens Inc ($401k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $32k (8.0% of expenses). Other salaries and wages came to $238k. It paid $4,563 in professional fundraising fees. At year end it held assets of $130k against liabilities of $5,763, net assets of $124k. It reported 22 employees.