Cornerstone Association of Ministers and Educators Inc

Analysis

Cornerstone Association of Ministers and Educators Inc is a registered charity in United States, based in Kerrville, TX. It received its IRS tax-exemption ruling in April 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cornerstone Association of Ministers and Educators Inc reported income of $102k and spending of $102k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $122k to $102k (-17%), an average of -4.4% a year. The sharpest change came in the year to December 2021, when income rose by 80%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cornerstone Association of Ministers and Educators Inc 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 TX. Charities of a similar size with the same main cause include Kids at the Casa Inc ($102k), Erin Andra Wilson Foundation ($102k) and Clean Love Project Inc ($102k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% of the total. Compensation of current officers, directors and key employees was $12k (12% of expenses). At year end it held assets of $155 against liabilities of $0, net assets of $155.