Cornerstone Marriage & Family Life Ministries

Analysis

Cornerstone Marriage & Family Life Ministries is a registered charity in United States, based in Conroe, TX. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2022, Cornerstone Marriage & Family Life Ministries reported income of $376k and spending of $383k, spending 102% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $353k to $376k (+6.2%), an average of +2.0% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Cornerstone Marriage & Family Life Ministries sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Abc Ministries ($376k), Kalapa Media Inc ($376k) and Camp David International Inc ($375k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 48% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $111k (29% of expenses). Other salaries and wages came to $27k. At year end it held assets of $119k against liabilities of -$1,719, net assets of $120k. It reported 2 employees.