Cornerstone Ranch Inc

Analysis

Cornerstone Ranch Inc is a registered charity in United States, based in Gardendale, AL. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Ranch Inc reported income of $156k and spending of $170k, spending 109% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income fell from $189k to $156k (-18%), an average of -9.2% a year. Over the whole period it spent 70% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cornerstone Ranch Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within AL. Charities of a similar size with the same main cause include Florida Citrus Sports Foundation Inc ($156k), Little League Baseball Inc ($156k) and Aquanut Water Shows Inc ($156k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. At year end it held assets of $426k against liabilities of $2,070, net assets of $424k.