Calvary Cornerstone

Analysis

Calvary Cornerstone is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in November 2019, 7 years ago. 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 2023, Calvary Cornerstone reported income of $202k and spending of $197k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $175k to $202k (+15%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Calvary Cornerstone sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within CO. Charities of a similar size with the same main cause include Encounter Church ($202k), Lien Hoa Buddhist Temple-Chua Lien Hoa ($202k) and Victory Life Fellowship of CC Inc ($202k).

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 $40k (20% of expenses). At year end it held assets of $27k against liabilities of $0, net assets of $27k.