Cornerstone of Beaver County

Analysis

Cornerstone of Beaver County is a registered charity in United States, based in Beaver Falls, PA. It received its IRS tax-exemption ruling in September 2016, 10 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 June 2023, Cornerstone of Beaver County reported income of $1.9m and spending of $1.4m, leaving 27% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $1.8m to $1.9m (+6.1%), an average of +3.0% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cornerstone of Beaver County sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within PA. Charities of a similar size with the same main cause include Inner-County Outreach Inc ($1.9m), Reaching Out Community Services Inc ($1.9m) and Findlay House Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $142k (10% of expenses). At year end it held assets of $1.7m against liabilities of $97k, net assets of $1.6m. It reported 15 employees.