Cornerstone Community Wellness Inc

Analysis

Cornerstone Community Wellness Inc is a registered charity in United States, based in Sheffield, IL. It received its IRS tax-exemption ruling in August 2014, 12 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 Community Wellness Inc reported income of $504k and spending of $141k, leaving 72% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $98k to $504k (+413%), an average of +50% a year. The sharpest change came in the year to December 2022, when income rose by 378%. Over the whole period it spent 45% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cornerstone Community Wellness Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within IL. Charities of a similar size with the same main cause include Cross X Reach Inc ($503k), Avm Research Foundation ($504k) and Nami Broward County Inc ($503k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $32k (23% of expenses). Other salaries and wages came to $23k. At year end it held assets of $1.0m against liabilities of $87k, net assets of $930k. It reported 4 employees.