Cornerstone Christian Educational Endeavors

Analysis

Cornerstone Christian Educational Endeavors is a registered charity in United States, based in Sweetwater, TX. It received its IRS tax-exemption ruling in April 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 July 2023, Cornerstone Christian Educational Endeavors reported income of $673k and spending of $610k, spending 91% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $419k to $673k (+60%), an average of +13% a year. The sharpest change came in the year to July 2021, when income rose by 117%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cornerstone Christian Educational Endeavors sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Neighborhood Youth Association Inc ($673k), Childrens Advocacy Center of Van Zandt County ($673k) and Cacfp Assistance & Childcare Business Consulting Inc ($673k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 35% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $55k (9.0% of expenses). Other salaries and wages came to $433k. At year end it held assets of $328k against liabilities of $0, net assets of $328k. It reported 43 employees.