Christ the Cornerstone

Analysis

Christ the Cornerstone is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in June 1977, 49 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Christ the Cornerstone reported income of $141k and spending of $115k, spending 81% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $142k to $141k (-0.8%), an average of -0.3% a year. Over the whole period it spent 59% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Christ the Cornerstone 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 46th percentile, and in the 46th percentile within OH. Charities of a similar size with the same main cause include East West Interknit ($141k), Deborah Ministries International ($141k) and Newcaje ($141k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $930k against liabilities of $0, net assets of $930k.