Cornerstones Career Learning Center Inc

Analysis

Cornerstones Career Learning Center Inc is a registered charity in United States, based in Huron, SD. It received its IRS tax-exemption ruling in July 1994, 32 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2023, Cornerstones Career Learning Center Inc reported income of $922k and spending of $940k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $871k to $922k (+5.8%), an average of +1.4% a year. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cornerstones Career Learning Center Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within SD. Charities of a similar size with the same main cause include Heartland Lakes Development Commission ($922k), Lafayette Urban Enterprise Association Inc ($923k) and Lassen Economic Development Corp ($922k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $69k (7.3% of expenses). Other salaries and wages came to $499k. At year end it held assets of $373k against liabilities of $41k, net assets of $332k. It reported 29 employees.