Ready to Launch

Analysis

Ready to Launch is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover employment, 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 December 2023, Ready to Launch reported income of $62k and spending of $54k, spending 87% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $99k to $62k (-38%), an average of -21% a year. The sharpest change came in the year to December 2022, when income dropped by 24%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ready to Launch sits at the 25th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within CA. Charities of a similar size with the same main cause include Westwego Civic Association ($62k), Bangladesh Association of South Jersey Inc ($62k) and Acadia Capital Management LLC ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $48k against liabilities of $200, net assets of $48k.