Cornerstone International Inc

Analysis

Cornerstone International Inc is a registered charity in United States, based in Wilmore, KY. It received its IRS tax-exemption ruling in August 1972, 54 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 International Inc reported income of $2.5m and spending of $2.2m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.5m (+67%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Cornerstone International Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within KY. Charities of a similar size with the same main cause include Public Religion Research Institute ($2.5m), Cornerstone Missions Inc ($2.5m) and Legacy Education Group ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $108k (4.8% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.5m against liabilities of $222k, net assets of $1.3m. It reported 46 employees.