Cornerstone Preschool Inc

Analysis

Cornerstone Preschool Inc is a registered charity in United States, based in Vergennes, VT. It received its IRS tax-exemption ruling in February 2015, 11 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 August 2024, Cornerstone Preschool Inc reported income of $84k and spending of $60k, leaving 28% of income unspent that year. Across the 2 years on record, from August 2023 to August 2024, income grew from $59k to $84k (+42%), an average of +42% a year. The sharpest change came in the year to August 2024, when income rose by 42%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cornerstone Preschool Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 23rd percentile within VT. Charities of a similar size with the same main cause include Westside Seniors Association ($84k), Pine Tree Isd Education Foundation ($84k) and Safety Harbor Public Library Foundation ($84k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 1.4% and program service revenue 99% of the total. At year end it held assets of $55k against liabilities of $1,789, net assets of $54k.