Cornerstone Faith Ministries Corporation

Analysis

Cornerstone Faith Ministries Corporation is a registered charity in United States, based in Union City, CA. It received its IRS tax-exemption ruling in February 2026. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Cornerstone Faith Ministries Corporation reported income of $121k and spending of $108k, spending 89% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $20k to $121k (+511%), an average of +83% a year. The sharpest change came in the year to December 2021, when income rose by 185%. Over the whole period it spent 73% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Cornerstone Faith Ministries Corporation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 44th percentile within CA. Charities of a similar size with the same main cause include Pure for God Ministries Inc ($121k), First Baptist Church of Universal City of Enduring Love Foundation ($121k) and Healing Touch Ministries Inc ($121k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $39k against liabilities of $0, net assets of $39k.