Cornerstone International Inc

Analysis

Cornerstone International Inc is a registered charity in United States, based in Racine, WI. It received its IRS tax-exemption ruling in February 1992, 34 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 International Inc reported income of $123k and spending of $113k, spending 92% of its income. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Cornerstone International Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within WI. Charities of a similar size with the same main cause include Kidsablaze Ministries International ($123k), PCK Ministries ($123k) and Western Washington Catholic Charismatic Renewal ($123k).

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 $10k against liabilities of $0, net assets of $10k.