Project Cornerstone Inc

Analysis

Project Cornerstone Inc is a registered charity in United States, based in Carlsbad, CA. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Project Cornerstone Inc reported income of $96k and spending of $78k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $117k to $96k (-18%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 98% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Project Cornerstone Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within CA. Charities of a similar size with the same main cause include Canal District Alliance Inc ($96k), Garden Club Council of Winston- Salem Inc ($96k) and Tar-Pamlico Basin Association Inc ($96k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 10% of the total. At year end it held assets of $30k against liabilities of $0, net assets of $30k.