Cornerstone Christian Academy

Analysis

Cornerstone Christian Academy is a registered charity in United States, based in Beech Bottom, WV. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Cornerstone Christian Academy reported income of $191k and spending of $106k, leaving 44% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $93k to $191k (+104%), an average of +43% a year. The sharpest change came in the year to June 2023, when income rose by 101%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cornerstone Christian Academy sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within WV. Charities of a similar size with the same main cause include Upcycle Creative Reuse Center ($191k), Dligr Inc ($191k) and Colorado Japanese School ($191k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 56% and program service revenue 41% of the total. At year end it held assets of $206k against liabilities of $1,907, net assets of $204k.