Launch Network

Analysis

Launch Network is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in September 2018, 8 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 June 2023, Launch Network reported income of $622k and spending of $659k, spending 106% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $552k to $622k (+13%), an average of +6.2% a year. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Launch Network sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within CO. Charities of a similar size with the same main cause include Rosedale Union School District Parent Council ($622k), Bethel Community Foundation ($622k) and William H Hall Free Library Inc ($622k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $101k (15% of expenses). Other salaries and wages came to $283k. At year end it held assets of $243k against liabilities of $20k, net assets of $223k. It reported 4 employees.