Launch Ministries Inc

Analysis

Launch Ministries Inc is a registered charity in United States, based in Rocky Mount, NC. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Launch Ministries Inc reported income of $410k and spending of $174k, leaving 58% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $200k to $410k (+105%), an average of +105% a year. The sharpest change came in the year to December 2023, when income rose by 105%. Over the whole period it spent 59% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Launch Ministries Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within NC. Charities of a similar size with the same main cause include Om Foundation Inc ($410k), Safari Mission USA Inc ($411k) and Majesty Foundation ($410k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $32k. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 2 employees.