Cornerstone Family Healthcare

Analysis

Cornerstone Family Healthcare is a registered charity in United States, based in Cornwall, NY. It received its IRS tax-exemption ruling in January 1982, 44 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 Family Healthcare reported income of $73.4m and spending of $68.9m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $54.7m to $73.4m (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cornerstone Family Healthcare sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Equitas Health Inc ($73.3m), Henry Ford Semi Medical Group ($73.4m) and Baylor Research Institute ($73.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $2.1m (3.0% of expenses). Other salaries and wages came to $36.4m. At year end it held assets of $62.7m against liabilities of $27.5m, net assets of $35.2m. It reported 779 employees.