Jerusalem Cornerstone Foundation

Analysis

Jerusalem Cornerstone Foundation is a registered charity in United States, based in Oshkosh, WI. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2023, Jerusalem Cornerstone Foundation reported income of $1.6m and spending of $1.8m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.0m to $1.6m (-20%), an average of -5.3% a year. The sharpest change came in the year to December 2022, when income rose by 707%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Jerusalem Cornerstone Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within WI. Charities of a similar size with the same main cause include Jaya Hanuman Temple and Cultural Center ($1.6m), Save the World Foundation Inc ($1.6m) and Silver State Housing ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.5% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $102k (5.6% of expenses). Other salaries and wages came to $89k. At year end it held assets of $127k against liabilities of $0, net assets of $127k.