Tulsa Cornerstone Assistance Network Inc

Analysis

Tulsa Cornerstone Assistance Network Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in October 1997, 29 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 December 2023, Tulsa Cornerstone Assistance Network Inc reported income of $331k and spending of $333k, spending 100% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $193k to $331k (+71%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 77%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tulsa Cornerstone Assistance Network 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 63rd percentile, and in the 64th percentile within OK. Charities of a similar size with the same main cause include New Creation Home Ministries ($331k), Grace One ($331k) and KBK Foundation ($331k).

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 $13k. At year end it held assets of $80k against liabilities of $2,659, net assets of $77k. It reported 3 employees.