Cornerstone Crossroads Academy Inc

Analysis

Cornerstone Crossroads Academy Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in June 2007, 19 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 Crossroads Academy Inc reported income of $1.5m and spending of $818k, leaving 44% of income unspent that year. Across the 6 years on record, from June 2019 to December 2023, income grew from $735k to $1.5m (+100%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 106%. Over the whole period it spent 51% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cornerstone Crossroads Academy Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Archie Tonge Education Fund ($1.5m), Cardeza T D & McD-Cardeza FDN ($1.5m) and Glacial Hills Elementary School ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $91k (11% of expenses). Other salaries and wages came to $384k. It paid $5,650 in professional fundraising fees. At year end it held assets of $4.0m against liabilities of $62k, net assets of $3.9m. It reported 16 employees.