Cornerstone Equine Therapy Center

Analysis

Cornerstone Equine Therapy Center is a registered charity in United States, based in Caldwell, ID. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Equine Therapy Center reported income of $111k and spending of $128k, spending 116% of what it took in. Across the 2 years on record, from December 2019 to December 2023, income fell from $290k to $111k (-62%), an average of -62% a year. The sharpest change came in the year to December 2023, when income dropped by 62%. Over the whole period it spent 76% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cornerstone Equine Therapy Center sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within ID. Charities of a similar size with the same main cause include Steel Valley Storm Fastpitch Inc ($110k), Meeks Mountain Trail Alliance Inc ($111k) and Vernal Youth Baseball Association Inc ($110k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $41k against liabilities of $0, net assets of $41k.