Cornerstone Christian Ministries Inc

Analysis

Cornerstone Christian Ministries Inc is a registered charity in United States, based in Warrenton, VA. It received its IRS tax-exemption ruling in December 1997, 29 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 Ministries Inc reported income of $1.4m and spending of $1.5m, spending 102% of its income. Across the 6 years on record, from June 2017 to June 2023, income grew from $611k to $1.4m (+137%), an average of +19% a year. The sharpest change came in the year to June 2022, when income rose by 81%. Over the whole period it spent 88% 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 Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within VA. Charities of a similar size with the same main cause include Access Books ($1.4m), Network Contagion Research Institute ($1.4m) and Indigigenius ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.0% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $160k (11% of expenses). Other salaries and wages came to $448k. At year end it held assets of $1.3m against liabilities of $153k, net assets of $1.1m. It reported 32 employees.