Cornerstone Community Homes

Analysis

Cornerstone Community Homes is a registered charity in United States, based in San Rafael, CA. It received its IRS tax-exemption ruling in July 1984, 42 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 June 2023, Cornerstone Community Homes reported income of $5.3m and spending of $4.9m, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.9m to $5.3m (+37%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cornerstone Community Homes sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Neighborhood House Association ($5.3m), Macc Alliance of Connected Communities ($5.3m) and Elaine Ellis Center of Health Inc ($5.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $166k (3.4% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $4.1m against liabilities of $2.1m, net assets of $2.0m. It reported 79 employees.