Cornerstone for Hope

Analysis

Cornerstone for Hope is a registered charity in United States, based in Oaks, PA. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 for Hope reported income of $226k and spending of $248k, spending 109% of what it took in. Across the 3 years on record, from June 2020 to June 2023, income grew from $152k to $226k (+49%), an average of +22% a year. The sharpest change came in the year to June 2022, when income rose by 56%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cornerstone for Hope sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within PA. Charities of a similar size with the same main cause include Panhandle Forensic Nurse Specialists Inc ($226k), Lupus Foundation of New England Inc ($226k) and Brain Injury Association of Louisiana ($226k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $54k (22% of expenses). Other salaries and wages came to $54k. At year end it held assets of $127k against liabilities of $0, net assets of $127k. It reported 3 employees.