Ehc Cornerstone Inc

Analysis

Ehc Cornerstone Inc is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ehc Cornerstone Inc reported income of $471k and spending of $3,300, leaving 99% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.2m to $471k (-85%), an average of -38% a year. The sharpest change came in the year to December 2021, when income rose by 766%. Over the whole period it spent 0.1% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ehc Cornerstone Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within MD. Charities of a similar size with the same main cause include M Carter Plaza ($471k), National Church Residences ($471k) and Ridgeview Terrace Inc ($471k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $14.3m against liabilities of $0, net assets of $14.3m.