Cornerstone of Jacksonville Inc

Analysis

Cornerstone of Jacksonville Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in December 2014, 12 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 of Jacksonville Inc reported income of $3.5m and spending of $3.4m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $3.5m (+20%), an average of +4.7% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cornerstone of Jacksonville Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Marian Middle School ($3.5m), North Bridge Academy ($3.5m) and Phoenix Village Academy ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 83% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $1.9m against liabilities of $240k, net assets of $1.7m. It reported 74 employees.