Cornerstone Christian Academy

Analysis

Cornerstone Christian Academy is a registered charity in United States, based in Appomattox, VA. It received its IRS tax-exemption ruling in May 2008, 18 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 July 2024, Cornerstone Christian Academy reported income of $997k and spending of $816k, spending 82% of its income. Across the 5 years on record, from July 2020 to July 2024, income grew from $762k to $997k (+31%), an average of +7.0% a year. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cornerstone Christian Academy sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within VA. Charities of a similar size with the same main cause include Sunbridge Institute Inc ($996k), Vallecitos Mountain Refuge ($997k) and Nationz Foundation Incorporated ($996k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 30% and program service revenue 69% of the total. Other salaries and wages came to $495k. At year end it held assets of $1.7m against liabilities of $125k, net assets of $1.6m. It reported 28 employees.