Cornerstone Homeschoolers Inc

Analysis

Cornerstone Homeschoolers Inc is a registered charity in United States, based in Lancaster, PA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Cornerstone Homeschoolers Inc reported income of $145k and spending of $122k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $123k to $145k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cornerstone Homeschoolers Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within PA. Charities of a similar size with the same main cause include Future of Reading ($145k), Tools for Peace ($145k) and Minnesota Leadership Council on Aging ($145k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 82% of the total. At year end it held assets of $92k against liabilities of $0, net assets of $92k.