Launch Asia Ministries

Analysis

Launch Asia Ministries is a registered charity in United States, based in McKinney, TX. It received its IRS tax-exemption ruling in October 2017, 9 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, Launch Asia Ministries reported income of $124k and spending of $104k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $147k to $124k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 80% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Launch Asia Ministries sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 46th percentile within TX. Charities of a similar size with the same main cause include Cumberland Valley Christian Radio Inc ($124k), Interact International Inc ($124k) and Midwest Christian Ministries ($124k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $38k against liabilities of $0, net assets of $38k.