The Launch Place
The Launch Place consistently grows assets with strong revenue generation and zero reported officer compensation.
EIN: 202917301 · Danville, VA · NTEE: S30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $964K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $8 |
| Net Assets | $7.9M |
| Transparency Score | 90/100 |
Is The Launch Place Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Launch Place directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Launch Place
The Launch Place (EIN: 202917301) is a nonprofit organization based in Danville, VA, classified under NTEE code S30. The organization reported total revenue of $2.5M and total assets of $9.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Launch Place's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Launch Place is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $964K |
| Surplus / Deficit | +$1.6M |
| Total Assets | $7.9M |
| Total Liabilities | $958 |
| Net Assets | $7.9M |
| Operating Margin | 62.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 98.7 months |
Financial Health Grade: A
In 2023, The Launch Place reported a surplus of $1.6M with revenue exceeding expenses, holds 98.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Launch Place's revenue has grown at a compound annual growth rate (CAGR) of 16.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +46.6% | -8.5% | +22.9% |
| 2022 | -21.1% | +13.2% | +14.8% |
| 2021 | +279.4% | +0.9% | +25.7% |
| 2020 | -58.9% | +0.6% | -5.7% |
| 2019 | -32.9% | -15.3% | +12.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 The Launch Place with a Mission Score of 90 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, The Launch Place allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $1.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization of its size with assets nearing $8 million and annual revenues exceeding $2.5 million, suggesting either pro-bono leadership or compensation is covered by a related entity, which would warrant further investigation for full transparency.
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 The Launch Place's IRS 990 filings:
- Unusually low liabilities for an organization of its size, which could indicate incomplete reporting or specific funding structures.
- 0% officer compensation reported across all filings, which is highly uncommon for an organization with multi-million dollar revenues and assets, potentially indicating compensation is paid by a related entity or through other means not fully disclosed on the 990.
Strengths
The following positive indicators were identified for The Launch Place:
- Consistent asset growth, from $1.1M in 2014 to $7.9M in 2023, indicating strong financial management and sustainability.
- Revenue consistently exceeds expenses, demonstrating a healthy financial surplus in most years (e.g., $2,569,170 revenue vs. $964,361 expenses in 2023).
- Zero reported officer compensation, suggesting a high dedication of resources to the mission.
- Low liabilities across most filing periods, indicating prudent financial management and minimal debt.
Frequently Asked Questions about The Launch Place
Is The Launch Place a legitimate charity?
Based on AI analysis of IRS 990 filings, The Launch Place (EIN: 202917301) some concerns. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
How does The Launch Place spend its money?
The Launch Place directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Launch Place tax-deductible?
The Launch Place is registered as a tax-exempt nonprofit (EIN: 202917301). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Launch Place CEO make?
The Launch Place's highest-compensated officer earns $8 annually. The organization reported $2.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Launch Place's spending goes to programs?
The Launch Place directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Launch Place compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), The Launch Place is above average for NTEE category S30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Launch Place located?
The Launch Place is headquartered in Danville, Virginia and files with the IRS under EIN 202917301. It is classified under NTEE code S30.
How many years of IRS 990 filings does The Launch Place have?
The Launch Place 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 $2.5M in total revenue.
Is The Launch Place a good charity?
Based on the provided financial data, The Launch Place appears to be a financially healthy and well-managed organization. It consistently generates more revenue than expenses, leading to significant asset growth, and reports 0% officer compensation, which is a strong indicator of resources being directed towards its mission. However, a detailed breakdown of program vs. administrative spending would provide a more complete picture of its charitable efficiency.
How has The Launch Place's financial health changed over time?
The Launch Place has shown remarkable financial growth and stability. Its assets have increased from $1,168,606 in 2014 to $7,928,122 in 2023, demonstrating consistent surpluses and effective asset management. Revenue has generally trended upwards, with expenses remaining well below revenue in most periods, indicating strong financial health.
What is the trend in The Launch Place's revenue and expenses?
Revenue for The Launch Place has shown a positive trend, with some fluctuations, reaching $2,569,170 in 2023. Expenses have remained relatively stable, hovering around $900,000 to $1.1 million annually, consistently staying below revenue. This trend indicates a sustainable financial model where the organization is generating more income than it spends.
Filing History
IRS 990 filing history for The Launch Place showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Launch Place's revenue has grown by 542.9%, moving from $400K to $2.6M. Total assets increased by 5063.4% over the same period, from $154K to $7.9M. Total functional expenses rose by 113.4%, from $452K to $964K. In its most recent filing year (2023), The Launch Place reported a surplus of $1.6M, with revenue exceeding expenses. The organization holds $958 in liabilities against $7.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $7.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $964K | $7.9M | $958 | — | — |
| 2022 | $1.8M | $1.1M | $6.4M | $134K | — | View 990 |
| 2021 | $2.2M | $931K | $5.6M | $2K | — | View 990 |
| 2020 | $586K | $922K | $4.5M | $77K | — | View 990 |
| 2019 | $1.4M | $917K | $4.7M | $9K | — | View 990 |
| 2018 | $2.1M | $1.1M | $4.2M | $1K | — | View 990 |
| 2017 | $2.0M | $1.1M | $3.2M | $5 | — | View 990 |
| 2016 | $1.3M | $1.0M | $2.3M | $12K | — | View 990 |
| 2015 | $1.9M | $1.1M | $2.0M | $22K | — | View 990 |
| 2014 | $1.4M | $895K | $1.2M | $23K | — | View 990 |
| 2013 | $1.1M | $697K | $491K | $19K | — | View 990 |
| 2012 | $362K | $399K | $120K | $4K | — | View 990 |
| 2011 | $400K | $452K | $154K | $365 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $964K, and assets of $7.9M (revenue +46.6% year-over-year).
- 2022: Revenue of $1.8M, expenses of $1.1M, and assets of $6.4M (revenue -21.1% year-over-year).
- 2021: Revenue of $2.2M, expenses of $931K, and assets of $5.6M (revenue +279.4% year-over-year).
- 2020: Revenue of $586K, expenses of $922K, and assets of $4.5M (revenue -58.9% year-over-year).
- 2019: Revenue of $1.4M, expenses of $917K, and assets of $4.7M (revenue -32.9% year-over-year).
- 2018: Revenue of $2.1M, expenses of $1.1M, and assets of $4.2M (revenue +7.7% year-over-year).
- 2017: Revenue of $2.0M, expenses of $1.1M, and assets of $3.2M (revenue +50.3% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.0M, and assets of $2.3M (revenue -31.9% year-over-year).
- 2015: Revenue of $1.9M, expenses of $1.1M, and assets of $2.0M (revenue +34.3% year-over-year).
- 2014: Revenue of $1.4M, expenses of $895K, and assets of $1.2M (revenue +36.1% year-over-year).
- 2013: Revenue of $1.1M, expenses of $697K, and assets of $491K (revenue +190.7% year-over-year).
- 2012: Revenue of $362K, expenses of $399K, and assets of $120K (revenue -9.4% year-over-year).
- 2011: Revenue of $400K, expenses of $452K, and assets of $154K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Launch Place:
Data Sources and Methodology
This transparency report for The Launch Place 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.