Cornerstone Christian School

Analysis

Cornerstone Christian School is a registered charity in United States, based in San Angelo, TX. It received its IRS tax-exemption ruling in August 1986, 40 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2024, Cornerstone Christian School reported income of $2.5m and spending of $2.7m, spending 105% of its income. Across the 6 years on record, from July 2019 to July 2024, income grew from $1.5m to $2.5m (+74%), an average of +12% a year. The sharpest change came in the year to July 2022, when income rose by 41%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cornerstone Christian School 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 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Rowan College Student Government ($2.5m), Tulsa Community College Foundation ($2.5m) and Kentucky Mountain Bible College Incorporated ($2.5m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 16% and program service revenue 75% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $4.5m against liabilities of $711k, net assets of $3.8m. It reported 85 employees.