International Cornerstone Ministries

Analysis

International Cornerstone Ministries is a registered charity in United States, based in Bellingham, WA. It received its IRS tax-exemption ruling in April 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2023, International Cornerstone Ministries reported income of $252k and spending of $281k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $308k to $252k (-18%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 109% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, International Cornerstone Ministries sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within WA. Charities of a similar size with the same main cause include Heaven Rules Ministries Inc ($252k), Hombres de Palabra Men of Their Word Inc ($252k) and Society for Promoting & Encouraging Arts & Knowledge of the Church ($252k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $118k against liabilities of $0, net assets of $118k.