Cornerstone Kids Inc

Analysis

Cornerstone Kids Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in April 1999, 27 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 Kids Inc reported income of $107k and spending of $129k, spending 120% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $148k to $107k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cornerstone Kids Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 42nd percentile within FL. Charities of a similar size with the same main cause include Saint Gianna Pregnancy Resource Center Inc ($107k), Be Sent Life Restoration Inc ($107k) and Senior Citizens of Long Hill Township ($107k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 63% of the total. At year end it held assets of $40k against liabilities of $0, net assets of $40k.