Cornerstone Christian Ministries

Analysis

Cornerstone Christian Ministries is a registered charity in United States, based in Post Falls, ID. It received its IRS tax-exemption ruling in September 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 December 2023, Cornerstone Christian Ministries reported income of $984k and spending of $957k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $613k to $984k (+60%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 26%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cornerstone Christian Ministries sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within ID. Charities of a similar size with the same main cause include Communities in Schools of Palm Beach County ($983k), Brooklyn College Auxiliary Enterprises Corporation ($984k) and Doorway to College Foundation ($983k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Other salaries and wages came to $591k. At year end it held assets of $404k against liabilities of $118k, net assets of $286k. It reported 26 employees.