Cornerstone Family Ministries

Analysis

Cornerstone Family Ministries is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in April 1994, 32 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cornerstone Family Ministries reported income of $1.8m and spending of $1.4m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.8m (+49%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 40%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cornerstone Family Ministries sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Association Montessori International of the United States ($1.8m), Foothill Family Shelter Inc ($1.8m) and Higher Education Coordinating Council of Metropolitan St Louis ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 65% of the total. Other salaries and wages came to $985k. At year end it held assets of $644k against liabilities of $73k, net assets of $571k. It reported 48 employees.