Launch Academy Inc

Analysis

Launch Academy Inc is a registered charity in United States, based in Brazil, IN. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Launch Academy Inc reported income of $190k and spending of $206k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $76k to $190k (+150%), an average of +26% a year. The sharpest change came in the year to December 2020, when income rose by 189%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Launch Academy Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within IN. Charities of a similar size with the same main cause include Toledo Area Asbestos Workers Joint Apprenticeship Committee ($190k), Fund for Women of the Southern Tier Inc ($190k) and Ann Bethany Bertling and Tristan Gonzalez Foundation ($190k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Other salaries and wages came to $149k. At year end it held assets of $41k against liabilities of $6,732, net assets of $35k. It reported 27 employees.