Cornerstone Soup Kitchen and Food Pantry

Analysis

Cornerstone Soup Kitchen and Food Pantry is a registered charity in United States, based in Fort Edward, NY. It received its IRS tax-exemption ruling in April 2000, 26 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 Soup Kitchen and Food Pantry reported income of $53k and spending of $50k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $61k to $53k (-14%), an average of -14% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cornerstone Soup Kitchen and Food Pantry sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within NY. Charities of a similar size with the same main cause include Vietnamese American Community of Sacramento ($53k), Bauxite Historical Association & Museum ($53k) and Clean Pathways ($53k).

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 $15k against liabilities of $207, net assets of $15k.