Cornerstone Campaign

Analysis

Cornerstone Campaign is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 Campaign reported income of $102k and spending of $109k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $213k to $102k (-52%), an average of -17% a year. The sharpest change came in the year to December 2021, when income rose by 6302%. Over the whole period it spent 117% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cornerstone Campaign sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 40th percentile within CA. Charities of a similar size with the same main cause include Holy Ghost Society of East Taunton ($102k), Bottineau County Veterans Inc ($102k) and Phoenix Chinese Senior Citizens Association ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.6% of the total. At year end it held assets of $2,223 against liabilities of $0, net assets of $2,223.