Saint John the Evangelist Cornerstone Trust

Analysis

Saint John the Evangelist Cornerstone Trust is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in August 2008, 18 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Saint John the Evangelist Cornerstone Trust reported income of $478k and spending of $441k, spending 92% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $289k to $478k (+66%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 412%. Over the whole period it spent 104% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Saint John the Evangelist Cornerstone Trust sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MN. Charities of a similar size with the same main cause include 300sl Foundation ($478k), Louix Dor Dempriey Foundation ($478k) and Main Street Keokuk Inc ($478k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% of the total. Compensation of current officers, directors and key employees was $58k (13% of expenses). At year end it held assets of $3.7m against liabilities of $0, net assets of $3.7m.