Cornerstone Counseling Center

Analysis

Cornerstone Counseling Center is a registered charity in United States, based in Hickory, NC. It received its IRS tax-exemption ruling in January 1996, 30 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 Counseling Center reported income of $1.9m and spending of $1.7m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $1.9m (+16%), an average of +3.9% a year. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cornerstone Counseling Center sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Jewish Home of Central New York Residential Living Incorporated ($1.9m), The Lawrence County Young Mens Chri Stian Association ($1.9m) and First in Families of North Carolina ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $276k (16% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m. It reported 38 employees.