Cornerstone Community School Inc

Analysis

Cornerstone Community School Inc is a registered charity in United States, based in Tallmadge, OH. It received its IRS tax-exemption ruling in September 1995, 31 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 2023, Cornerstone Community School Inc reported income of $1.3m and spending of $1.2m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $956k to $1.3m (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cornerstone Community School Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within OH. Charities of a similar size with the same main cause include Los Angeles Family School ($1.3m), Great River Affiliated Building Company ($1.3m) and New Hope Christian School Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 77% of the total. Other salaries and wages came to $743k. At year end it held assets of $973k against liabilities of $25k, net assets of $948k. It reported 32 employees.