Cornerstone for Life

Analysis

Cornerstone for Life is a registered charity in United States, based in Storm Lake, IA. It received its IRS tax-exemption ruling in August 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cornerstone for Life reported income of $56k and spending of $70k, spending 126% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $50k to $56k (+12%), an average of +5.8% a year. The sharpest change came in the year to December 2022, when income rose by 63%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cornerstone for Life sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 19th percentile within IA. Charities of a similar size with the same main cause include Exhale an After-Abortion Counseling Talkline ($56k), Megan Lally Memorial Fund Inc ($56k) and The Phoenix Clinic NFP ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $118k against liabilities of $0, net assets of $118k.