Cornerstone Christian School

Analysis

Cornerstone Christian School is a registered charity in United States, based in Camden, SC. It received its IRS tax-exemption ruling in September 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cornerstone Christian School reported income of $459k and spending of $513k, spending 112% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $429k to $459k (+6.9%), an average of +3.4% a year. The sharpest change came in the year to December 2022, when income rose by 60%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cornerstone Christian School sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within SC. Charities of a similar size with the same main cause include Network of Iranian-American Professionals of Orange County ($459k), Campus Middle School for Girls ($459k) and Latin Chamber of Commerce Community Foundation ($459k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 79% of the total. Other salaries and wages came to $352k. At year end it held assets of $383k against liabilities of $20, net assets of $383k. It reported 29 employees.