Cornerstone Counseling Center of Chicago Inc

Analysis

Cornerstone Counseling Center of Chicago Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 1983, 43 years ago. 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 Counseling Center of Chicago Inc reported income of $1.2m and spending of $1.0m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.2m (+9.8%), an average of +2.4% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cornerstone Counseling Center of Chicago Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within IL. Charities of a similar size with the same main cause include North Suburban Jewish Community Center Inc ($1.2m), Rehabilitation Institute Inc ($1.2m) and The Conservative Caucus Foundation ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.8% and program service revenue 98% of the total. Other salaries and wages came to $549k. At year end it held assets of $289k against liabilities of $178k, net assets of $112k. It reported 31 employees.