LAUNCHYOURCITY
AI Summary
LAUNCHYOURCITY is a nonprofit organization focused on economic development in Memphis, dedicated to supporting the earliest stages of innovation and entrepreneurship. With an operating budget of $746.1K and total revenue of $881.1K for the filing year 2024, the organization implements dynamic programs to help civic, social, and tech-based entrepreneurs develop business models and take actionable steps towards launching new ventures. Notably, LAUNCHYOURCITY does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to sustain its mission.
Mission Statement
LAUNCHYOURCITY SUPPORTS THE EARLIEST STAGES OF INNOVATION AND ENTREPRENEURSHIP IN MEMPHIS WITH DYNAMIC PROGRAMS THAT ARE DESIGNED TO HELP POTENTIAL CIVIC, SOCIAL, AND TECH-BASED ENTREPRENEURS AND INNOVATORS DEVELOP A BUSINESS MODEL AND TAKE THE FIRST ACTIONABLE STEPS OF STARTING A NEW BUSINESS OR PROGRAM. LAUNCHYOURCITY IS A PRACTITIONER OF INNOVATION DRIVEN ECONOMIC DEVELOPMENT ACCELERATING AND BROKERING TALENT, TECHNOLOGY AND CAPITAL LEVERAGING THE ECONOMIC ASSETS OF THE REGION TO CREATE COMMUNITIES WHERE MEANINGFUL JOBS, LIVEABLE COMMUNITIES, INCLUSIVE SOCIETIES, AND COLLABORATIVE GOVERNANCE INTERSECT FOR SUCCESS.
Cause Areas
1
Economic development
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Frequently Asked Questions
What is LAUNCHYOURCITY’s budget?
In 2024, LAUNCHYOURCITY reported an annual operating budget of around $746 thousand. More detailed financial information is available to registered users.
What causes does LAUNCHYOURCITY support?
LAUNCHYOURCITY supports work in Economic development.
Where does LAUNCHYOURCITY operate?
LAUNCHYOURCITY is headquartered in Collierville, TN.
Who funded LAUNCHYOURCITY recently?
In 2024, LAUNCHYOURCITY received grants from TENNESSEE TECHNOLOGY DEVELOPMENT CORP, THE KEMMONS WILSON FAMILY FOUNDATION, and COMMUNITY FOUNDATION OF GREATER MEMPHIS INC. More information on this organization’s funders is available to registered users.
What is the largest grant LAUNCHYOURCITY received in 2024?
The largest grant to LAUNCHYOURCITY in 2024 exceeds $10 thousand.
What is LAUNCHYOURCITY’s reliance on government grants?
LAUNCHYOURCITY relied on government grants for more than 35% of their total revenue in 2024.