Launch Ministries Inc
Launch Ministries Inc consistently operates with no reported officer compensation, maintaining stable finances.
EIN: 205006374 · Meridian, ID · NTEE: O55 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $349K |
| Total Expenses | $344K |
| Program Spending | 90% |
| Net Assets | $259K |
| Transparency Score | 92/100 |
Is Launch Ministries Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Launch Ministries Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Launch Ministries Inc
Launch Ministries Inc (EIN: 205006374) is a nonprofit organization based in Meridian, ID, classified under NTEE code O55. The organization reported total revenue of $349K and total assets of $260K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Launch Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Launch Ministries Inc is a small nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 7.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $357K |
| Total Expenses | $344K |
| Surplus / Deficit | +$12K |
| Total Assets | $260K |
| Total Liabilities | $1K |
| Net Assets | $259K |
| Operating Margin | 3.4% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 9.1 months |
Financial Health Grade: A
In 2024, Launch Ministries Inc reported a surplus of $12K with revenue exceeding expenses, holds 9.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Launch Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +21.5% | +12.5% | +11.4% |
| 2023 | +36.4% | +18.4% | -36.6% |
| 2022 | -55.1% | +8.4% | -10.3% |
| 2021 | +87.4% | +8.1% | +140.1% |
| 2020 | +11.7% | -8.4% | +26.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Launch Ministries Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Launch Ministries Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $12K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
Launch Ministries Inc reports 0% officer compensation across all available filing periods, indicating that no salaries are paid to its officers, which is highly unusual for an organization of its size and suggests a volunteer-led or very lean executive structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Launch Ministries Inc's IRS 990 filings:
- Lack of detailed spending breakdown (program vs. admin vs. fundraising) in provided summary data, making precise efficiency analysis difficult without full 990 forms.
Strengths
The following positive indicators were identified for Launch Ministries Inc:
- Consistent 0% officer compensation across all reported periods, indicating high efficiency in resource allocation.
- Strong financial solvency with assets consistently exceeding liabilities (e.g., $260,148 assets vs. $1,189 liabilities in 202407).
- Regular and extensive IRS 990 filing history (14 filings), demonstrating transparency.
- Stable operational history with consistent revenue and expense levels over a decade.
Frequently Asked Questions about Launch Ministries Inc
Is Launch Ministries Inc a legitimate charity?
Launch Ministries Inc (EIN: 205006374) is a registered tax-exempt nonprofit based in Idaho. Our AI analysis gives it a Mission Score of 92/100. It has 14 years of IRS 990 filings on record. Total revenue: $349K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Launch Ministries Inc spend its money?
Launch Ministries Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Launch Ministries Inc tax-deductible?
Launch Ministries Inc is registered as a tax-exempt nonprofit (EIN: 205006374). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Launch Ministries Inc's spending goes to programs?
Launch Ministries Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Launch Ministries Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Launch Ministries Inc is above average for NTEE category O55 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Launch Ministries Inc located?
Launch Ministries Inc is headquartered in Meridian, Idaho and files with the IRS under EIN 205006374. It is classified under NTEE code O55.
How many years of IRS 990 filings does Launch Ministries Inc have?
Launch Ministries Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $349K in total revenue.
Is Launch Ministries Inc a good charity?
Based on the available IRS 990 data, Launch Ministries Inc appears to be a good charity. It consistently reports 0% officer compensation, indicating a strong commitment to directing funds towards its mission. Its financial health is stable, with assets significantly exceeding liabilities.
How does Launch Ministries Inc manage its executive leadership without compensation?
The IRS 990 data consistently shows 0% officer compensation, suggesting that the organization's leadership may be entirely volunteer-based or that executive functions are handled by staff whose compensation is categorized differently (e.g., program staff) or by external contractors, though the former is more likely given the consistent 0% figure.
What is the trend in Launch Ministries Inc's revenue and expenses?
Launch Ministries Inc's revenue and expenses have fluctuated over the years, generally ranging between $100,000 and $480,000. For example, revenue was $479,725 in 202107 but $293,513 in 202307, showing variability but overall maintaining a sustainable operational level.
Is Launch Ministries Inc financially stable?
Yes, Launch Ministries Inc appears financially stable. Its assets consistently outweigh its liabilities by a substantial margin (e.g., $260,148 in assets vs. $1,189 in liabilities for 202407), indicating a healthy balance sheet and ability to cover its obligations.
Filing History
IRS 990 filing history for Launch Ministries Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Launch Ministries Inc's revenue has grown by 149.6%, moving from $143K to $357K. Total assets increased by 210% over the same period, from $84K to $260K. Total functional expenses rose by 164.4%, from $130K to $344K. In its most recent filing year (2024), Launch Ministries Inc reported a surplus of $12K, with revenue exceeding expenses. The organization holds $1K in liabilities against $260K in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $259K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $357K | $344K | $260K | $1K | — | — |
| 2023 | $294K | $306K | $234K | $2K | — | View 990 |
| 2022 | $215K | $259K | $369K | $2K | — | View 990 |
| 2021 | $480K | $239K | $411K | $854 | — | View 990 |
| 2020 | $256K | $221K | $171K | $2K | — | View 990 |
| 2019 | $229K | $241K | $135K | $2K | — | View 990 |
| 2018 | $285K | $261K | $152K | $7K | — | View 990 |
| 2017 | $189K | $232K | $128K | $7K | — | View 990 |
| 2016 | $275K | $243K | $169K | $5K | — | View 990 |
| 2015 | $107K | $110K | $135K | $4K | — | View 990 |
| 2014 | $195K | $178K | $136K | $3K | — | View 990 |
| 2013 | $177K | $151K | $116K | $38 | — | View 990 |
| 2012 | $150K | $145K | $90K | $-135 | — | View 990 |
| 2011 | $143K | $130K | $84K | $-290 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $357K, expenses of $344K, and assets of $260K (revenue +21.5% year-over-year).
- 2023: Revenue of $294K, expenses of $306K, and assets of $234K (revenue +36.4% year-over-year).
- 2022: Revenue of $215K, expenses of $259K, and assets of $369K (revenue -55.1% year-over-year).
- 2021: Revenue of $480K, expenses of $239K, and assets of $411K (revenue +87.4% year-over-year).
- 2020: Revenue of $256K, expenses of $221K, and assets of $171K (revenue +11.7% year-over-year).
- 2019: Revenue of $229K, expenses of $241K, and assets of $135K (revenue -19.5% year-over-year).
- 2018: Revenue of $285K, expenses of $261K, and assets of $152K (revenue +50.8% year-over-year).
- 2017: Revenue of $189K, expenses of $232K, and assets of $128K (revenue -31.4% year-over-year).
- 2016: Revenue of $275K, expenses of $243K, and assets of $169K (revenue +157.1% year-over-year).
- 2015: Revenue of $107K, expenses of $110K, and assets of $135K (revenue -45.1% year-over-year).
- 2014: Revenue of $195K, expenses of $178K, and assets of $136K (revenue +10.2% year-over-year).
- 2013: Revenue of $177K, expenses of $151K, and assets of $116K (revenue +17.7% year-over-year).
- 2012: Revenue of $150K, expenses of $145K, and assets of $90K (revenue +5.3% year-over-year).
- 2011: Revenue of $143K, expenses of $130K, and assets of $84K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Launch Ministries Inc:
Data Sources and Methodology
This transparency report for Launch Ministries Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.