Cornerstone Hospice Foundation Inc

Analysis

Cornerstone Hospice Foundation Inc is a registered charity in United States, based in Tavares, FL. It received its IRS tax-exemption ruling in July 1989, 37 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 Hospice Foundation Inc reported income of $3.3m and spending of $2.6m, leaving 21% of income unspent that year. Across the 6 years on record, from September 2019 to December 2023, income fell from $5.5m to $3.3m (-39%), an average of -9.5% a year. The sharpest change came in the year to December 2023, when income rose by 246%. Over the whole period it spent 138% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cornerstone Hospice Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Lincoln Glen Manor LLC ($3.3m), Feeding Hands Inc ($3.3m) and Domestic Violence Crisis Center ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $10.5m against liabilities of $2.6m, net assets of $7.9m.