Humangood Cornerstone

Analysis

Humangood Cornerstone is a registered charity in United States, based in Duarte, CA. It received its IRS tax-exemption ruling in February 2004, 22 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).

In the financial year ending December 2023, Humangood Cornerstone reported income of $5.3m and spending of $5.2m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $12.9m to $5.3m (-59%), an average of -20% a year. The sharpest change came in the year to December 2023, when income rose by 102%. Over the whole period it spent 81% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Humangood Cornerstone sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Appalachian Foothills Housing Agency Incorporated ($5.2m), Habitat for Humanity Metrowest - Greater Worcester Inc ($5.3m) and Fuel Fund of Central MD Inc ($5.2m).

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 $451k (8.6% of expenses). Other salaries and wages came to $429k. At year end it held assets of $4.4m against liabilities of $1.6m, net assets of $2.9m.