Cornerstone Academy of the Ozarks

Analysis

Cornerstone Academy of the Ozarks is a registered charity in United States, based in Warsaw, MO. It received its IRS tax-exemption ruling in August 2011, 15 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 July 2023, Cornerstone Academy of the Ozarks reported income of $59k and spending of $75k, spending 128% of what it took in. Across the 3 years on record, from July 2020 to July 2023, income fell from $69k to $59k (-15%), an average of -7.5% a year. The sharpest change came in the year to July 2023, when income dropped by 28%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cornerstone Academy of the Ozarks sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within MO. Charities of a similar size with the same main cause include Carden Academy of Whittier Parent and Faculty Support Group ($59k), Parent Teacher Association of Connecticut Inc ($59k) and Gordon Lee Memorial High School Alumni Association Inc ($59k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 7.6% and program service revenue 59% of the total. At year end it held assets of $43k against liabilities of $346, net assets of $43k.