Cornerstone Christian Academy for Learning and Leadership

Analysis

Cornerstone Christian Academy for Learning and Leadership is a registered charity in United States, based in Vancouver, WA. It received its IRS tax-exemption ruling in December 2013, 13 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 June 2023, Cornerstone Christian Academy for Learning and Leadership reported income of $4.4m and spending of $5.0m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.2m to $4.4m (-46%), an average of -14% a year. The sharpest change came in the year to June 2021, when income rose by 112%. Over the whole period it spent 63% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cornerstone Christian Academy for Learning and Leadership sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within WA. Charities of a similar size with the same main cause include German School Brooklyn ($4.4m), Salt Lake Arts Academy ($4.4m) and Legacy Academy of Excellence Charter School ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $194k (3.9% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $12.3m against liabilities of $376k, net assets of $11.9m. It reported 96 employees.