Cornerstone Christian Schools

Analysis

Cornerstone Christian Schools is a registered charity in United States, based in Bellevue, NE. It received its IRS tax-exemption ruling in October 2016, 10 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 July 2023, Cornerstone Christian Schools reported income of $3.2m and spending of $3.5m, spending 109% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $2.5m to $3.2m (+31%), an average of +6.9% a year. The sharpest change came in the year to July 2020, when income rose by 15%. 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 Christian Schools sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within NE. Charities of a similar size with the same main cause include Virtual Enterprises International Inc ($3.2m), Petra Academy Inc ($3.2m) and College of Coastal Georgia Foundation Inc ($3.2m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 18% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $53k (1.5% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $816k against liabilities of $633k, net assets of $183k. It reported 128 employees.