Cornerstone Transitional Housingministry Inc

Analysis

Cornerstone Transitional Housingministry Inc is a registered charity in United States, based in Newport, AR. It received its IRS tax-exemption ruling in January 2017, 9 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2023, Cornerstone Transitional Housingministry Inc reported income of $287k and spending of $265k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $236k to $287k (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2020, when income rose by 38%. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cornerstone Transitional Housingministry Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 62nd percentile within AR. Charities of a similar size with the same main cause include Abraham Apartments Housing Development Fund Corporation ($287k), Freedom Builders of America ($287k) and Beulah Community Improvement ($287k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% of the total. Compensation of current officers, directors and key employees was $70k (26% of expenses). At year end it held assets of $327k against liabilities of $74k, net assets of $253k. It reported 5 employees.