Cornerstone Christian Child Development Center Inc

Analysis

Cornerstone Christian Child Development Center Inc is a registered charity in United States, based in Greenville, NC. It received its IRS tax-exemption ruling in June 1997, 29 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 Christian Child Development Center Inc reported income of $640k and spending of $700k, spending 109% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $457k to $640k (+40%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 38%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cornerstone Christian Child Development Center Inc sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within NC. Charities of a similar size with the same main cause include Christopher Rose Community Empowerment Campaign Inc ($640k), Great Beginnings Christian Child Care Center Inc ($640k) and Lifes Choices Womens Clinic Inc ($639k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 33% and program service revenue 67% of the total. Other salaries and wages came to $446k. At year end it held assets of $99k against liabilities of $1,135, net assets of $98k. It reported 29 employees.