Cornerstone Vna

Analysis

Cornerstone Vna is a registered charity in United States, based in Rochester, NH. It received its IRS tax-exemption ruling in September 1971, 55 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cornerstone Vna reported income of $19.4m and spending of $18.6m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.0m to $19.4m (+38%), an average of +8.5% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cornerstone Vna sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within NH. Charities of a similar size with the same main cause include Gateway Foundation-Texas Gateway Foundation Inc ($19.4m), White Bird Clinic ($19.4m) and McGregor Clinic Inc ($19.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $586k (3.1% of expenses). Other salaries and wages came to $11.8m. At year end it held assets of $17.9m against liabilities of $3.1m, net assets of $14.7m. It reported 215 employees.