Cornerstone Christian School and Educational Services

Analysis

Cornerstone Christian School and Educational Services is a registered charity in United States, based in Rockingham, VA. It received its IRS tax-exemption ruling in February 2011, 15 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 Christian School and Educational Services reported income of $1.2m and spending of $1.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $831k to $1.2m (+47%), an average of +10% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cornerstone Christian School and Educational Services 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 82nd percentile within VA. Charities of a similar size with the same main cause include Oak Grove Montessori School Inc ($1.2m), Lumen Christi ($1.2m) and Williston Central Christian Academy Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 84% of the total. Other salaries and wages came to $761k. At year end it held assets of $269k against liabilities of $217k, net assets of $52k. It reported 33 employees.