Family Cornerstones Inc

Analysis

Family Cornerstones Inc is a registered charity in United States, based in Cleveland, TN. It received its IRS tax-exemption ruling in May 2000, 26 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Family Cornerstones Inc reported income of $188k and spending of $164k, spending 87% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $161k to $188k (+17%), an average of +5.3% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Family Cornerstones Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 53rd percentile within TN. Charities of a similar size with the same main cause include Rancho Obi-Wan Inc ($188k), East Broad Top Railroad Preservation Association ($188k) and Portage County Historical Society Inc ($188k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $113k. At year end it held assets of $28k against liabilities of $0, net assets of $28k. It reported 5 employees.