Cornerstone Child Care and Youth Center Inc

Analysis

Cornerstone Child Care and Youth Center Inc is a registered charity in United States, based in Bear, DE. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Cornerstone Child Care and Youth Center Inc reported income of $1.2m and spending of $1.5m, spending 127% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.1m to $1.2m (+2.6%), an average of +0.9% a year. The sharpest change came in the year to December 2020, when income rose by 53%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cornerstone Child Care and Youth Center Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within DE. Charities of a similar size with the same main cause include Council on American-Islamic Relations of Washington State ($1.2m), Village of Hope Learning Center ($1.2m) and Stepping Stones Inc ($1.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 8.0% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $42k (2.8% of expenses). Other salaries and wages came to $672k. At year end it held assets of $541k against liabilities of $0, net assets of $541k. It reported 35 employees.