Cornerstone Advocacy Service

Analysis

Cornerstone Advocacy Service is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in May 1984, 42 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 December 2023, Cornerstone Advocacy Service reported income of $6.1m and spending of $6.3m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.4m to $6.1m (+13%), an average of +3.0% a year. The sharpest change came in the year to December 2020, when income rose by 36%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cornerstone Advocacy Service sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MN. Charities of a similar size with the same main cause include State Power Fund ($6.1m), St Johns Villa ($6.1m) and Arc of Putnam County Inc ($6.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $207k (3.3% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $10.5m against liabilities of $1.5m, net assets of $9.1m. It reported 127 employees.