Cornerstone Christian Academy

Analysis

Cornerstone Christian Academy is a registered charity in United States, based in Brockport, NY. It received its IRS tax-exemption ruling in August 2004, 22 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 reported income of $521k and spending of $478k, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $412k to $521k (+27%), an average of +6.1% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 85% 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 sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Monitor Old-Rite School ($521k), Loving One by One Ministries Inc ($521k) and Washington County Bicycle Transportation Coalition ($521k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. Other salaries and wages came to $289k. At year end it held assets of $417k against liabilities of $18k, net assets of $398k. It reported 14 employees.