Cornerstone Community Center Inc

Analysis

Cornerstone Community Center Inc is a registered charity in United States, based in De Pere, WI. It received its IRS tax-exemption ruling in August 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 May 2023, Cornerstone Community Center Inc reported income of $240k and spending of $331k, spending 138% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income grew from $208k to $240k (+16%), an average of +4.9% a year. The sharpest change came in the year to May 2023, when income rose by 25%. Over the whole period it spent 157% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cornerstone Community Center Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within WI. Charities of a similar size with the same main cause include Youth Collaborative Inc ($240k), Esperanza Community Center ($240k) and Crazy Faith Street Ministry ($240k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 1.9% of the total. At year end it held assets of $4.7m against liabilities of $1.0m, net assets of $3.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.