Cornerstones Health

Analysis

Cornerstones Health is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 2010, 16 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 (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, Cornerstones Health reported income of $514k and spending of $1.1m, spending 209% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $514k (-60%), an average of -20% a year. The sharpest change came in the year to December 2022, when income dropped by 42%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cornerstones Health sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Hurwitz Breast Cancer Fund Inc ($514k), Scotts House ($514k) and Northwest Osteopathic Medical Foundation ($514k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $200k (19% of expenses). At year end it held assets of $203k against liabilities of $69k, net assets of $134k. It reported 2 employees.