Cornerstone Education and Research Foundation Inc

Analysis

Cornerstone Education and Research Foundation Inc is a registered charity in United States, based in Superior, CO. It received its IRS tax-exemption ruling in August 2006, 20 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 Education and Research Foundation Inc reported income of $99k and spending of $105k, spending 105% of what it took in. Across the 2 years on record, from December 2019 to December 2023, income fell from $5.9m to $99k (-98%), an average of -98% a year. The sharpest change came in the year to December 2023, when income dropped by 98%. Over the whole period it spent 5.4% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cornerstone Education and Research Foundation Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 33rd percentile within CO. Charities of a similar size with the same main cause include Rutherford First Aid-Ambulance Corps Inc ($99k), Friends of the Rif ($99k) and John L Scott Foundation ($99k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $80k against liabilities of $0, net assets of $80k.