Cornerstone Apostolic Ministry Inc

Analysis

Cornerstone Apostolic Ministry Inc is a registered charity in United States, based in Ballwin, MO. It received its IRS tax-exemption ruling in July 1985, 41 years ago. 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 Apostolic Ministry Inc reported income of $230k and spending of $257k, spending 112% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $195k to $230k (+18%), an average of +5.7% a year. The sharpest change came in the year to December 2022, when income rose by 24%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cornerstone Apostolic Ministry Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within MO. Charities of a similar size with the same main cause include Forks Community Food Bank ($230k), Park Forest Village Day Nursery ($230k) and Action Resource Center ($230k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $108k (42% of expenses). At year end it held assets of $162k against liabilities of $0, net assets of $162k.