Cornerstone Lodge Inc

Analysis

Cornerstone Lodge Inc is a registered charity in United States, based in Hurst, TX. It received its IRS tax-exemption ruling in July 2000, 26 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending December 2023, Cornerstone Lodge Inc reported income of $389k and spending of $79k, leaving 80% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $622k to $389k (-38%), an average of -11% a year. The sharpest change came in the year to December 2023, when income rose by 175%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cornerstone Lodge Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include William Guy Forbeck Research Foundation ($389k), Honor Flight Central Coast California Inc ($389k) and Cowtown Warriors Inc ($389k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.1% of the total. At year end it held assets of $594k against liabilities of $0, net assets of $594k.