Cornerstone Christian Montessori

Analysis

Cornerstone Christian Montessori is a registered charity in United States, based in Elkhart, IN. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Cornerstone Christian Montessori reported income of $1.0m and spending of $1.1m, spending 107% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $547k to $1.0m (+85%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 67%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cornerstone Christian Montessori sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within IN. Charities of a similar size with the same main cause include St James Preschool ($1.0m), North Dade Regional Academy Inc ($1.0m) and Joshua 1-9 Learning Center ($1.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 7.3% and program service revenue 94% of the total. Other salaries and wages came to $775k. At year end it held assets of $1.0m against liabilities of $555k, net assets of $447k. It reported 71 employees.