Cornerstone Ondemand Foundation

Analysis

Cornerstone Ondemand Foundation is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in April 2011, 15 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Cornerstone Ondemand Foundation reported income of $237k and spending of $239k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $433k to $237k (-45%), an average of -14% a year. The sharpest change came in the year to December 2023, when income dropped by 43%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cornerstone Ondemand Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include McDonough County Community Foundation ($237k), Lutheran Charities ($237k) and Andersons Fund Supporting Organization ($237k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $111k against liabilities of $13k, net assets of $98k.