Cornerstone Health Services Inc

Analysis

Cornerstone Health Services Inc is a registered charity in United States, based in Temple Terr, FL. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Cornerstone Health Services Inc reported income of $744k and spending of $744k, spending 100% of its income. The sharpest change came in the year to September 2021, when income rose by 17200%. Over the whole period it spent 128% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cornerstone Health Services Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include Counseling Solutions ($744k), New Day for Children ($744k) and Hope Clinic ($744k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $615k. At year end it held assets of $43k against liabilities of $36k, net assets of $6,661. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.