People Launching of North Carolina

Analysis

People Launching of North Carolina is a registered charity in United States, based in Clayton, NC. It received its IRS tax-exemption ruling in June 2019, 7 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, People Launching of North Carolina reported income of $87k and spending of $107k, spending 123% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $148k to $87k (-41%), an average of -41% a year. The sharpest change came in the year to December 2023, when income dropped by 41%. Over the whole period it spent 111% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, People Launching of North Carolina sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within NC. Charities of a similar size with the same main cause include Bridge 2913 Inc ($87k), Samaritans Heart Inc ($87k) and Military Chaplains Association of the United States of America ($87k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. At year end it held assets of $5,048 against liabilities of $0, net assets of $5,048.