The Cornerstone Community Development Center

Analysis

The Cornerstone Community Development Center is a registered charity in United States, based in Aylett, VA. It received its IRS tax-exemption ruling in May 2006, 20 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, The Cornerstone Community Development Center reported income of $122k and spending of $66k, leaving 45% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $92k to $122k (+32%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 61% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Cornerstone Community Development Center sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within VA. Charities of a similar size with the same main cause include Comunidad Galilea Guatemala ($122k), Love Is Ministry ($122k) and Discipling Another Inc ($122k).

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 $251k against liabilities of $0, net assets of $251k.