Cornerstone Foundation for Charitable Dental Works Inc

Analysis

Cornerstone Foundation for Charitable Dental Works Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cornerstone Foundation for Charitable Dental Works Inc reported income of $56k and spending of $78k, spending 138% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $370k to $56k (-85%), an average of -61% a year. The sharpest change came in the year to December 2022, when income dropped by 90%. Over the whole period it spent 41% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cornerstone Foundation for Charitable Dental Works Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within KY. Charities of a similar size with the same main cause include Nevada Chapter American Academy of Pediatrics ($56k), Northern Care Center ($56k) and International Association for Human Caring Inc ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $282k against liabilities of $0, net assets of $282k.