Cornerstone Christian Academy Inc

Analysis

Cornerstone Christian Academy Inc is a registered charity in United States, based in Kensett, AR. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cornerstone Christian Academy Inc reported income of $72k and spending of $80k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $88k to $72k (-19%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cornerstone Christian Academy Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within AR. Charities of a similar size with the same main cause include Kennewick High School Instrumental Music Boosters ($72k), Merced Sunrise Rotary Club Charity ($72k) and Richard Gordon Jr PTA ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.6% and program service revenue 93% of the total. At year end it held assets of $5,329 against liabilities of $216, net assets of $5,113.