Cornerstone Collaborative Florida Inc

Analysis

Cornerstone Collaborative Florida Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2022, Cornerstone Collaborative Florida Inc reported income of $56k and spending of $55k, spending 99% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $89k to $56k (-38%), an average of -14% a year. The sharpest change came in the year to December 2020, when income rose by 106%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cornerstone Collaborative Florida Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 25th percentile within FL. Charities of a similar size with the same main cause include Belmont School & Community Fair ($56k), Rotary Club of Parker Foundation ($56k) and Share Life ($56k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 94% and program service revenue 6.3% of the total. At year end it held assets of $78k against liabilities of $77k, net assets of $786.