Cornerstone Pediatric Rehabilitation Services Inc

Analysis

Cornerstone Pediatric Rehabilitation Services Inc is a registered charity in United States, based in Danville, IN. It received its IRS tax-exemption ruling in December 2013, 13 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, Cornerstone Pediatric Rehabilitation Services Inc reported income of $527k and spending of $574k, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $660k to $527k (-20%), an average of -5.4% a year. The sharpest change came in the year to June 2021, when income dropped by 17%. Over the whole period it spent 110% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cornerstone Pediatric Rehabilitation Services Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within IN. Charities of a similar size with the same main cause include Down Syndrome Association of Middle Tennessee ($527k), Center for Creative Growth ($527k) and Allen Medical Center Medical Office Building ($527k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 98% of the total. Other salaries and wages came to $404k. At year end it held assets of $484k against liabilities of $2.2m, net assets of -$1.7m. It reported 10 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.