Cornerstone Community Ministries Inc

Analysis

Cornerstone Community Ministries Inc is a registered charity in United States, based in Elizabethtown, PA. It received its IRS tax-exemption ruling in February 2004, 22 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 June 2023, Cornerstone Community Ministries Inc reported income of $252k and spending of $275k, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $199k to $252k (+27%), an average of +6.1% a year. The sharpest change came in the year to June 2021, when income rose by 90%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Cornerstone Community Ministries Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within PA. Charities of a similar size with the same main cause include Hope Community Center Inc ($252k), Mission 01 Inc ($252k) and Radooga USA Inc ($252k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 11% of the total. Other salaries and wages came to $108k. At year end it held assets of $1.0m against liabilities of $399k, net assets of $632k. It reported 4 employees.