Re Launch Ministries Inc
EIN: 474757733 · Anderson, SC · NTEE: X20
| Metric | Value |
|---|---|
| Total Revenue | $280K |
| Total Expenses | $247K |
| Net Assets | $120K |
Is Re Launch Ministries Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Re Launch Ministries Inc
Re Launch Ministries Inc (EIN: 474757733) is a nonprofit organization based in Anderson, SC, classified under NTEE code X20. The organization reported total revenue of $280K and total assets of $154K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Re Launch Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Re Launch Ministries Inc is a small nonprofit that has been operating for 11 years, with 7 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 23.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $255K |
| Total Expenses | $247K |
| Surplus / Deficit | +$8K |
| Total Assets | $120K |
| Net Assets | $120K |
| Operating Margin | 3.0% |
| Months of Reserves | 5.8 months |
Financial Health Grade: A
In 2023, Re Launch Ministries Inc reported a surplus of $8K with revenue exceeding expenses, holds 5.8 months of operating reserves (adequate).
Financial Trends
Over 7 years of filings (2016–2023), Re Launch Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 23.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.2% | +26.1% | +5.8% |
| 2022 | -8.7% | +10.4% | -0.4% |
| 2021 | +135.7% | +186.7% | +49.3% |
| 2020 | +61.2% | +52.5% | +61.3% |
| 2019 | +168.5% | +75.6% | +50.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Re Launch Ministries Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Re Launch Ministries Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $8K, with revenue exceeding expenses.
Frequently Asked Questions about Re Launch Ministries Inc
Is Re Launch Ministries Inc a legitimate charity?
Re Launch Ministries Inc (EIN: 474757733) is a registered tax-exempt nonprofit based in South Carolina. It has 7 years of IRS 990 filings on record. Total revenue: $280K. No red flags identified. Financial health grade: A.
How does Re Launch Ministries Inc spend its money?
Re Launch Ministries Inc reported $280K in total revenue in IRS 990 filings. 7 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Re Launch Ministries Inc tax-deductible?
Re Launch Ministries Inc is registered as a tax-exempt nonprofit (EIN: 474757733). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Re Launch Ministries Inc located?
Re Launch Ministries Inc is headquartered in Anderson, South Carolina and files with the IRS under EIN 474757733. It is classified under NTEE code X20.
How many years of IRS 990 filings does Re Launch Ministries Inc have?
Re Launch Ministries Inc has 7 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 $280K in total revenue.
Filing History
IRS 990 filing history for Re Launch Ministries Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2016–2023), Re Launch Ministries Inc's revenue has grown by 341.4%, moving from $58K to $255K. Total assets increased by 215.5% over the same period, from $38K to $120K. Total functional expenses rose by 1055.8%, from $21K to $247K. In its most recent filing year (2023), Re Launch Ministries Inc reported a surplus of $8K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $255K | $247K | $120K | $0 | — | — |
| 2022 | $196K | $196K | $113K | $994 | — | View 990 |
| 2021 | $214K | $178K | $114K | $994 | — | View 990 |
| 2020 | $91K | $62K | $76K | $83 | — | — |
| 2019 | $56K | $41K | $47K | $83 | — | View 990 |
| 2018 | $21K | $23K | $31K | $47 | — | View 990 |
| 2016 | $58K | $21K | $38K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $255K, expenses of $247K, and assets of $120K (revenue +30.2% year-over-year).
- 2022: Revenue of $196K, expenses of $196K, and assets of $113K (revenue -8.7% year-over-year).
- 2021: Revenue of $214K, expenses of $178K, and assets of $114K (revenue +135.7% year-over-year).
- 2020: Revenue of $91K, expenses of $62K, and assets of $76K (revenue +61.2% year-over-year).
- 2019: Revenue of $56K, expenses of $41K, and assets of $47K (revenue +168.5% year-over-year).
- 2018: Revenue of $21K, expenses of $23K, and assets of $31K (revenue -63.6% year-over-year).
- 2016: Revenue of $58K, expenses of $21K, and assets of $38K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Re Launch Ministries Inc:
Data Sources and Methodology
This transparency report for Re 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.