Overview

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Est.

2017

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

LAUNCHSPACE INC is a member-based makerspace located in the Orange Innovation Center, dedicated to providing tools, equipment, education, and support to makers who lack the resources to create their own workspaces. With an operating budget of $541.6K and total revenue of $684.8K for the 2024 filing year, the organization focuses on various cause areas, including agriculture, economic development, and education. Notably, LAUNCHSPACE INC does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base for its initiatives. For more information, visit www.launchspace.com.

Mission Statement

LAUNCHSPACE INC IS A MEMBER BASED MAKERSPACE LOCATED IN ORANGE INNOVATION CENTER. THE ORGANIZATION PROVIDES TOOLS, EQUIPMENT, EDUCATION AND SUPPORT TO MAKERS WHO DON'T HAVE SPACE, MONEY, OR TIME TO CREATE THEIR OWN WORKSPACE.
Revenues
$684.8K
Expenses
$541.6K
Net Income:
+$143.2K
Assets
$521.2K
Liabilities
$50.9K
Net Assets:
+$470.2K
Operating Budget
$541.6K
Operating Budget by Year

Due Diligence

Are you a grantmaker?
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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Total No. of Grants
3
Median grant size
$20K
Largest grant received
$25.9K
B
Brianna Drohen
Board Member
M
Mark Wright
Board Member
S
Sarah Adams
Board Member

Frequently Asked Questions

What is LAUNCHSPACE INC’s budget?
In 2024, LAUNCHSPACE INC reported an annual operating budget of around $542 thousand. More detailed financial information is available to registered users.
What causes does LAUNCHSPACE INC support?
LAUNCHSPACE INC supports work in Entrepreneurship, Agriculture, fishing and forestry, Arts and culture, Business promotion, Social enterprise, Community improvement, Economic development, and Education.
Where does LAUNCHSPACE INC operate?
LAUNCHSPACE INC is headquartered in ORANGE, MA.
Who funded LAUNCHSPACE INC recently?
In 2025, LAUNCHSPACE INC received grants from COMMUNITY FOUNDATION OF WESTERN MASSACHUSETTS, UNITED WAY OF NORTH CENTRAL MASS INC, and COMMUNITY FOUNDATION OF NORTH CENTRAL MASSACHUSETTS INC. More information on this organization’s funders is available to registered users.
What is the largest grant LAUNCHSPACE INC received in 2024?
The largest grant to LAUNCHSPACE INC in 2024 exceeds $26 thousand.
What is LAUNCHSPACE INC’s reliance on government grants?
LAUNCHSPACE INC relied on government grants for more than 70% of their total revenue in 2024.