Cornerstone Support Services

Analysis

Cornerstone Support Services is a registered charity in United States, based in Mechanicsville, VA. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cornerstone Support Services reported income of $6.3m and spending of $5.0m, leaving 20% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $6.3m (+133%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 61%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cornerstone Support Services sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within VA. Charities of a similar size with the same main cause include Midwest Covenant Home Inc ($6.3m), Alliance Health Management Services LLC ($6.3m) and High Sky Childrens Ranch ($6.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.6% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $256k (5.1% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $3.0m against liabilities of $807k, net assets of $2.2m. It reported 108 employees.