Cornerstone Foundations for Families

Analysis

Cornerstone Foundations for Families is a registered charity in United States, based in Quincy, IL. It received its IRS tax-exemption ruling in March 1949, 77 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 June 2024, Cornerstone Foundations for Families reported income of $1.2m and spending of $1.2m, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.2m to $1.2m (-1.9%), an average of -0.5% a year. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cornerstone Foundations for Families 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 81st percentile, and in the 81st percentile within IL. Charities of a similar size with the same main cause include Residential Continuum Inc ($1.2m), Citizens Against Violence Inc ($1.2m) and Caldwell Council on Aging Inc ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 56% and program service revenue 38% of the total. Other salaries and wages came to $792k. At year end it held assets of $854k against liabilities of $80k, net assets of $773k. It reported 19 employees.