Joel Cornette Foundation Inc

Analysis

Joel Cornette Foundation Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Joel Cornette Foundation Inc reported income of $144k and spending of $72k, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $197k to $144k (-27%), an average of -7.6% a year. The sharpest change came in the year to December 2021, when income rose by 429%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Joel Cornette Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within OH. Charities of a similar size with the same main cause include Campolindo High School Athletic Boosters ($144k), Parent Booster USA Inc ($144k) and Neenah Wrestling Booster Club ($144k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 128% of the total. At year end it held assets of $183k against liabilities of $0, net assets of $183k.