Cornerstone Christian Academy Inc

Analysis

Cornerstone Christian Academy Inc is a registered charity in United States, based in Willoughby, OH. It received its IRS tax-exemption ruling in January 1999, 27 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 Academy Inc reported income of $4.4m and spending of $4.3m, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.0m to $4.4m (+49%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 24%. 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 Academy Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within OH. Charities of a similar size with the same main cause include Contractors Safety Council of the Coastal Bend Inc ($4.4m), Learning Accelerator ($4.4m) and Highland Academy Charter School ($4.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.0% and program service revenue 96% of the total. Other salaries and wages came to $2.2m. At year end it held assets of $3.0m against liabilities of $490k, net assets of $2.5m. It reported 87 employees.