The Launchcode Foundation
The Launchcode Foundation reported $13.0 million in revenue and $15.3 million in expenses for calendar year 2024. Of every $100 it spent, $84.66 went to program services, $12.99 to management and general costs and $2.35 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 80.7% of the total. Government grants made up 6.2%. The highest compensation it reported for one person was $214,871 (EXECUTIVE DIRECTOR (THRU 09/24)). 10 people received more than $100,000 in reportable compensation. Revenue fell 14% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $15MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $13M- Contributions & grants (non-government)$10.37 $1.4M
- Government grants$6.21 $810K
- Program service revenue$80.50 $10M
- Investment income$2.92 $380K
Other revenue was negative: −$26,961. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 84.7% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 13.0% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.4% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.17 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 16.6% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 6.2% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 80.7% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $214,871 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.41% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 10 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 9.8 | 13.3 |
| Independent voting board members Part VI 1a–1b | 9 of 9 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseLaunchcode increases economic opportunity and upward mobility by placing driven individuals into technology apprenticeships and jobs based on aptitude, professionalism, and skills. In 2024, we worked with 72 client partners to help our candidates overcome traditional barriers to employment such as formal degrees or years of job experience, placing 180 individuals into apprenticeships or permanent jobs in technology. Launchcode provided tech education services to 575 individuals in 2024. In pursuit of this goal, launchcode received substantial in-kind support (rent, event products, digital…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| EXECUTIVE DIRECTOR (THRU 09/24) Officer, 50.00 hrs/week | $199,526 | $0 | $15,345 | $214,871 |
| CHIEF OF STAFF, INTERIM CEO Officer, 50.00 hrs/week | $123,170 | $0 | $27,098 | $150,268 |
| HEAD OF TECHNOLOGY Highest compensated employee, 50.00 hrs/week | $118,843 | $0 | $27,067 | $145,910 |
| CFO/COO Officer, 50.00 hrs/week | $121,821 | $0 | $23,255 | $145,076 |
| SENIOR BUSINESS DEV. REP. Highest compensated employee, 50.00 hrs/week | $119,821 | $0 | $15,585 | $135,406 |
| VP OF RECRUITMENT & STRAT. IMPACT Highest compensated employee, 50.00 hrs/week | $114,114 | $0 | $18,463 | $132,577 |
| VP OF MARKETING Highest compensated employee, 50.00 hrs/week | $107,467 | $0 | $14,844 | $122,311 |
| HEAD OF PEOPLE OPERATIONS Highest compensated employee, 50.00 hrs/week | $112,112 | $0 | $2,284 | $114,396 |
10 people received more than $100,000 in reportable compensation from The Launchcode Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $591K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b9 · 9 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14No
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5335
- Volunteers Part I, line 6150
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| THREE VENTURES TECHNOLOGY INC Consultants | $117,573 |
Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.
Private foundation grants it received
8 private foundations reported grants to The Launchcode Foundation totaling $67,295 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from The Launchcode Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Launchcode Foundation, you can publish a response that is linked from this page.
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Of every $100 The Launchcode Foundation spent in 2024, $84.66 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of The Launchcode Foundation's spending goes to programs?
In calendar year 2024, The Launchcode Foundation reported that 84.7% of its $15.3 million in expenses went to program services, 13.0% to management and general and 2.4% to fundraising (Form 990, Part IX).
How much does The Launchcode Foundation pay its top executive?
The largest total compensation The Launchcode Foundation reported for one person in calendar year 2024 was $214,871, for the role of EXECUTIVE DIRECTOR (THRU 09/24) (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Launchcode Foundation get its money?
Of $13.0 million in revenue in calendar year 2024, 16.6% came from contributions and grants (including 6.2% from government grants) and 80.7% from program service revenue (Form 990, Part VIII).
Is The Launchcode Foundation a registered charity?
The IRS lists EIN 47-1718432 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202533149349303238 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202413209349316176 · read the filing
- 2022: Form 990 for calendar year 2022, object 202343179349311749 · read the filing
- 2021: Form 990 for calendar year 2021, object 202233119349300013 · read the filing
- 2020: Form 990 for calendar year 2020, object 202132799349300333 · read the filing
- 2019: Form 990 for calendar year 2019, object 202043109349301299 · read the filing
All filings for EIN 47-1718432: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.