Ywam Cornerstone

Analysis

Ywam Cornerstone is a registered charity in United States, based in Hempstead, NY. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Ywam Cornerstone reported income of $257k and spending of $259k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $240k to $257k (+7.0%), an average of +1.7% a year. The sharpest change came in the year to December 2023, when income rose by 59%. Over the whole period it spent 87% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ywam Cornerstone sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Gods Store House of Giles County ($257k), Cityunite ($257k) and Eternal Word of God Ministries Inc ($257k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Other salaries and wages came to $47k. At year end it held assets of $871k against liabilities of $1,772, net assets of $869k. It reported 2 employees.