Sc Launch Inc
SC Launch Inc. consistently grows assets with zero reported officer compensation and low liabilities.
EIN: 204692622 · Columbia, SC · NTEE: S11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $2.1M |
| Program Spending | 90% |
| Net Assets | $13.9M |
| Transparency Score | 92/100 |
Is Sc Launch Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sc Launch Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sc Launch Inc
Sc Launch Inc (EIN: 204692622) is a nonprofit organization based in Columbia, SC, classified under NTEE code S11. The organization reported total revenue of $1.5M and total assets of $37.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sc Launch Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sc Launch Inc is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.2M |
| Total Expenses | $2.1M |
| Surplus / Deficit | +$1.1M |
| Total Assets | $13.9M |
| Net Assets | $13.9M |
| Operating Margin | 34.1% |
| Months of Reserves | 78.7 months |
Financial Health Grade: A
In 2023, Sc Launch Inc reported a surplus of $1.1M with revenue exceeding expenses, holds 78.7 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Sc Launch Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.7% | +21.3% | +6.8% |
| 2022 | -20.9% | -17.2% | +5.6% |
| 2021 | +21.9% | -34.4% | +15.8% |
| 2020 | +33.4% | +34.4% | +2.2% |
| 2019 | -19.9% | -23.7% | +16.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Sc Launch 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, Sc Launch 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.1M, with revenue exceeding expenses.
Executive Compensation Analysis
SC Launch Inc. consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size and asset base. This suggests that executive leadership may be entirely volunteer-based or compensated through a related entity, which would require further investigation to fully understand the true cost of executive management.
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 Sc Launch Inc's IRS 990 filings:
- Consistent 0% officer compensation may obscure true executive costs if compensated by a related entity.
Strengths
The following positive indicators were identified for Sc Launch Inc:
- Consistent asset growth, reaching $37,113,760 in the latest period.
- Consistently low or zero liabilities across most filings, indicating strong financial health.
- Expenses generally well below revenue, leading to positive net income and asset accumulation.
- High transparency regarding direct officer compensation (reported as 0%).
Frequently Asked Questions about Sc Launch Inc
Is Sc Launch Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sc Launch Inc (EIN: 204692622) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Sc Launch Inc spend its money?
Sc Launch Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sc Launch Inc tax-deductible?
Sc Launch Inc is registered as a tax-exempt nonprofit (EIN: 204692622). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Sc Launch Inc's spending goes to programs?
Sc Launch Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Sc Launch Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Sc Launch Inc is above average for NTEE category S11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sc Launch Inc located?
Sc Launch Inc is headquartered in Columbia, South Carolina and files with the IRS under EIN 204692622. It is classified under NTEE code S11.
How many years of IRS 990 filings does Sc Launch Inc have?
Sc Launch Inc has 13 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 $1.5M in total revenue.
How does SC Launch Inc. manage to operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that executive leadership may be entirely volunteer-based or compensated through a related entity. This practice, while potentially indicating volunteer leadership, can sometimes obscure the full cost of executive management if compensation is routed elsewhere.
What is the primary driver of SC Launch Inc.'s significant asset growth?
SC Launch Inc.'s asset growth, from $3,797,643 in 2016 to $13,860,401 in 2023 and $37,113,760 in the latest period, is primarily driven by revenues consistently exceeding expenses in most years, indicating strong financial management and successful investment or grant acquisition strategies.
Are there any related organizations that might be compensating executives or sharing resources?
Given the 0% officer compensation reported, it is prudent to investigate if SC Launch Inc. has related organizations or partnerships through which executive compensation or shared services are managed, as this is a common practice for some non-profits.
Filing History
IRS 990 filing history for Sc Launch Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sc Launch Inc's revenue has grown by 3.8%, moving from $3.1M to $3.2M. Total assets increased by 1326.7% over the same period, from $971K to $13.9M. Total functional expenses fell by 21.3%, from $2.7M to $2.1M. In its most recent filing year (2023), Sc Launch Inc reported a surplus of $1.1M, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.2M | $2.1M | $13.9M | $0 | — | View 990 |
| 2022 | $3.0M | $1.7M | $13.0M | $0 | — | View 990 |
| 2021 | $3.8M | $2.1M | $12.3M | $0 | — | View 990 |
| 2020 | $3.1M | $3.2M | $10.6M | $10K | — | View 990 |
| 2019 | $2.3M | $2.4M | $10.4M | $0 | — | View 990 |
| 2018 | $2.9M | $3.1M | $9.0M | $0 | — | View 990 |
| 2017 | $9.6M | $2.9M | $24.7M | $0 | — | View 990 |
| 2016 | $2.5M | $1.5M | $3.8M | $3K | — | View 990 |
| 2015 | $3.0M | $3.1M | $4.7M | $0 | — | View 990 |
| 2014 | $6.7M | $2.8M | $5.9M | $0 | — | View 990 |
| 2013 | $3.0M | $2.4M | $2.0M | $0 | — | View 990 |
| 2012 | $2.9M | $2.4M | $1.4M | $0 | — | View 990 |
| 2011 | $3.1M | $2.7M | $971K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.2M, expenses of $2.1M, and assets of $13.9M (revenue +7.7% year-over-year).
- 2022: Revenue of $3.0M, expenses of $1.7M, and assets of $13.0M (revenue -20.9% year-over-year).
- 2021: Revenue of $3.8M, expenses of $2.1M, and assets of $12.3M (revenue +21.9% year-over-year).
- 2020: Revenue of $3.1M, expenses of $3.2M, and assets of $10.6M (revenue +33.4% year-over-year).
- 2019: Revenue of $2.3M, expenses of $2.4M, and assets of $10.4M (revenue -19.9% year-over-year).
- 2018: Revenue of $2.9M, expenses of $3.1M, and assets of $9.0M (revenue -69.8% year-over-year).
- 2017: Revenue of $9.6M, expenses of $2.9M, and assets of $24.7M (revenue +288.7% year-over-year).
- 2016: Revenue of $2.5M, expenses of $1.5M, and assets of $3.8M (revenue -19.1% year-over-year).
- 2015: Revenue of $3.0M, expenses of $3.1M, and assets of $4.7M (revenue -54.8% year-over-year).
- 2014: Revenue of $6.7M, expenses of $2.8M, and assets of $5.9M (revenue +125.4% year-over-year).
- 2013: Revenue of $3.0M, expenses of $2.4M, and assets of $2.0M (revenue +2.2% year-over-year).
- 2012: Revenue of $2.9M, expenses of $2.4M, and assets of $1.4M (revenue -5.4% year-over-year).
- 2011: Revenue of $3.1M, expenses of $2.7M, and assets of $971K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sc Launch Inc:
Data Sources and Methodology
This transparency report for Sc Launch 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.