Cornerstone Tutorial Inc

Analysis

Cornerstone Tutorial Inc is a registered charity in United States, based in Crownsville, MD. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cornerstone Tutorial Inc reported income of $113k and spending of $115k, spending 102% of its income. Across the 6 years on record, from June 2018 to June 2023, income grew from $99k to $113k (+14%), an average of +2.6% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cornerstone Tutorial Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within MD. Charities of a similar size with the same main cause include Prostitution Research and Education ($113k), Society of Biological Inorganic Chemistry ($113k) and Seoul National University Alumni Association in USA ($113k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.9% and program service revenue 92% of the total. At year end it held assets of $62k against liabilities of $0, net assets of $62k.

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.