Launch

Analysis

Launch is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Launch reported income of $284k and spending of $320k, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $358k to $284k (-21%), an average of -5.7% a year. The sharpest change came in the year to June 2020, when income dropped by 39%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Launch sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within NC. Charities of a similar size with the same main cause include Service 2 Software Inc ($284k), Possibilities Inc ($284k) and Columbus Rotary Foundation Inc ($283k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 129% and program service revenue 13% of the total. At year end it held assets of $287k against liabilities of $126k, net assets of $162k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.