Cornerstones of Care Foundation

Analysis

Cornerstones of Care Foundation is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in November 1997, 29 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, Cornerstones of Care Foundation reported income of $193k and spending of $548k, spending 284% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $503k to $193k (-62%), an average of -21% a year. The sharpest change came in the year to December 2021, when income rose by 449%. Over the whole period it spent 70% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cornerstones of Care Foundation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within MO. Charities of a similar size with the same main cause include United Way of Fulton County ($193k), Westport Uniformed Firefighters Charitable Foundation ($193k) and Monteverde Friends U S Inc ($193k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% of the total. At year end it held assets of $13.1m against liabilities of $0, net assets of $13.1m.