Cornerstone Center for Early Learning Inc

Analysis

Cornerstone Center for Early Learning Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in October 1970, 56 years ago. 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 December 2023, Cornerstone Center for Early Learning Inc reported income of $3.6m and spending of $3.1m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $3.6m (+40%), an average of +8.7% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cornerstone Center for Early Learning Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MO. Charities of a similar size with the same main cause include Fuji Towers Inc ($3.6m), Clark School for Creative Learning Inc ($3.6m) and Triad Family Services ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $147k (4.8% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $6.5m against liabilities of $2.0m, net assets of $4.5m. It reported 65 employees.