Launch Gurls

Analysis

Launch Gurls is a registered charity in United States, based in Somerville, MA. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 December 2023, Launch Gurls reported income of $191k and spending of $313k, spending 164% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $246k to $191k (-22%), an average of -12% a year. The sharpest change came in the year to December 2022, when income rose by 66%. Over the whole period it spent 100% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Launch Gurls sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within MA. Charities of a similar size with the same main cause include Hillcrest Heights Boys Club Inc ($191k), SG United Foundation ($191k) and Child and Family Resource Foundation ($191k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $78k (25% of expenses). It paid $53k in professional fundraising fees. At year end it held assets of $6,176 against liabilities of $5,426, net assets of $750. It reported 1 employees.