Cornerstone Pregnancy Services

Analysis

Cornerstone Pregnancy Services is a registered charity in United States, based in Elyria, OH. It received its IRS tax-exemption ruling in July 1986, 40 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, Cornerstone Pregnancy Services reported income of $1.1m and spending of $883k, spending 80% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $317k to $1.1m (+248%), an average of +37% a year. The sharpest change came in the year to June 2023, when income rose by 77%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cornerstone Pregnancy Services sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within OH. Charities of a similar size with the same main cause include Jamestown Regional Medical Center Foundation Inc ($1.1m), Medical Science Liaison Society Inc ($1.1m) and Simply Graced ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $392k. At year end it held assets of $1.4m against liabilities of $48k, net assets of $1.4m. It reported 18 employees.