Cornerstone Haiti Inc

Analysis

Cornerstone Haiti Inc is a registered charity in United States, based in Fort Pierce, FL. 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 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 Haiti Inc reported income of $222k and spending of $213k, spending 96% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $203k to $222k (+9.7%), an average of +4.7% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cornerstone Haiti Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within FL. Charities of a similar size with the same main cause include Delta Tau Delta Educational Foundation ($222k), Caterpillar Lab Inc ($222k) and Minnesota Peacebuilding Leadership Institute ($222k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $60k (28% of expenses). At year end it held assets of $157k against liabilities of $1,736, net assets of $155k.