Form 990 for the fiscal year ending December 2023 (IRS tax year 2023).
Status and standing
Where the money goes
Statement of Functional Expenses
Financial health
Summary of the Filing
Balance Sheet
Statement of Revenue
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 42% | — | — |
| Overhead ratio | 12% | — | — |
| Fundraising cost ratio | 0% | — | — |
| Revenue growth | -53% | — | — |
| Accounting fee ratio | 4% | — | — |
| Fundraising fee ratio | 17% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Leadership and pay
Officers, Directors & Key Employees
Averil Spencer’s $40K as President Director CEO is at the 31st percentile of top reported officer pay among 1993 $100K–1M youth development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 3 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Averi Spencer | — | — | $123,735 | — | — |
| Averil Spencer | $40,465 | $77,832 | — | $100,000 | — |
| Averil Spences | — | — | — | — | $100,000 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Governance & Policies
Mission and programs
Empowering girls and young women globally for economic independence.
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Where the work happens
Launch girls creates entrepreneurial educational programming rooted in research and reality, designed for adolescent girls ages 14-24 in southeast asia and africa. In 2023, launch gurls impacted over 5,000 girls in 13 countries. LG partnered with four diferent nonprofits and to build their capacity to deliver our girl boss programming.
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Funders
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Filing history
| Year | Revenue | Expenses | Change | Filing |
|---|---|---|---|---|
| FY2024 Latest | $216K | $215K | +13% | 990 PDF |
| FY2023 Viewing | $191K | $313K | -53% | 990 PDF |
| FY2022 | $409K | $332K | +66% | 990 PDF |
| FY2021 | $246K | $200K | +89% | 990 PDF |
| FY2020 | $130K | — | 990 PDF |
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Schedules filed Part IV
Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.
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Sources
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