Cornerstone Community Development Corporation

Analysis

Cornerstone Community Development Corporation is a registered charity in United States, based in Avondale, AZ. It received its IRS tax-exemption ruling in March 2017, 9 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 December 2023, Cornerstone Community Development Corporation reported income of $73k and spending of $78k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $73k to $73k (-0.3%), an average of -0.3% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cornerstone Community Development Corporation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within AZ. Charities of a similar size with the same main cause include Aago Foundation Inc ($73k), Owen District Band Boosters Inc ($73k) and Greenwich Exchange for Womens Work Inc ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $82k against liabilities of $0, net assets of $82k.