Cornerstones of Care

Analysis

Cornerstones of Care 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 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, Cornerstones of Care reported income of $53.8m and spending of $56.8m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $40.5m to $53.8m (+33%), an average of +7.3% a year. The sharpest change came in the year to December 2020, when income rose by 31%. 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, Cornerstones of Care sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MO. Charities of a similar size with the same main cause include Catholic Charities of the Archdiocese of Miami Inc ($53.7m), Community Food Bank of Eastern Oklahoma Inc ($53.8m) and Cal Farleys Boys Ranch ($53.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $618k (1.1% of expenses). Other salaries and wages came to $31.8m. At year end it held assets of $29.9m against liabilities of $7.6m, net assets of $22.3m. It reported 942 employees.