Cornerstone Christian Services

Analysis

Cornerstone Christian Services is a registered charity in United States, based in Falls Church, VA. It received its IRS tax-exemption ruling in March 1966, 60 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cornerstone Christian Services reported income of $87k and spending of $11k, leaving 87% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $92k to $87k (-5.9%), an average of -1.5% a year. The sharpest change came in the year to December 2020, when income dropped by 21%. Over the whole period it spent 9.3% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cornerstone Christian Services sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 32nd percentile within VA. Charities of a similar size with the same main cause include Olivenhain Farms ($87k), Lakeway Police Memorial & Benevolent Foundation ($87k) and Parent to Parent Network ($87k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% of the total. At year end it held assets of $2.7m against liabilities of $0, net assets of $2.7m.