Project Launch

Analysis

Project Launch is a registered charity in United States, based in Deer Isle, ME. It received its IRS tax-exemption ruling in October 2021, 5 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Project Launch reported income of $94k and spending of $69k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $90k to $94k (+4.9%), an average of +4.9% a year. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Project Launch sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 28th percentile within ME. Charities of a similar size with the same main cause include Justin Wynn Memorial Fund ($94k), Southern Asia Adventist Association Inc ($94k) and Apostolic Christian Retirement Village ($94k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $191k against liabilities of $70k, net assets of $121k.