Cornerstone Christian Academy Inc

Analysis

Cornerstone Christian Academy Inc is a registered charity in United States, based in Salina, KS. It received its IRS tax-exemption ruling in October 2015, 11 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 Christian Academy Inc reported income of $744k and spending of $772k, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.3m to $744k (-41%), an average of -16% a year. The sharpest change came in the year to June 2021, when income dropped by 47%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cornerstone Christian Academy Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within KS. Charities of a similar size with the same main cause include Gwinnett County Public Library Foundation Inc ($744k), Amazeworks ($744k) and Columbus County Partnership for Children ($744k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 55% of the total. Other salaries and wages came to $525k. At year end it held assets of $1.0m against liabilities of $257k, net assets of $787k. It reported 27 employees.