Cornerstone Achievement Center

Analysis

Cornerstone Achievement Center is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in October 2017, 9 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 May 2023, Cornerstone Achievement Center reported income of $186k and spending of $189k, spending 102% of its income. Across the 3 years on record, from May 2021 to May 2023, income fell from $220k to $186k (-16%), an average of -8.2% a year. The sharpest change came in the year to May 2023, when income dropped by 17%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cornerstone Achievement Center sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within TX. Charities of a similar size with the same main cause include Association for the Teaching of Bible in Kannapolis Public Schools ($186k), Zia Family Focus Center Inc ($186k) and Chesapeake Natives Inc ($186k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. Other salaries and wages came to $128k. At year end it held assets of $41k against liabilities of $1,586, net assets of $39k. It reported 9 employees.