Cornerstone Christian Academy Inc

Analysis

Cornerstone Christian Academy Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in March 2020, 6 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 Inc reported income of $436k and spending of $423k, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $143k to $436k (+206%), an average of +32% a year. The sharpest change came in the year to June 2021, when income rose by 71%. Over the whole period it spent 94% 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 Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within OK. Charities of a similar size with the same main cause include College Mentoring Experience ($436k), USA Homestays Inc ($436k) and Imlay City Christian School ($436k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.3% and program service revenue 98% of the total. Other salaries and wages came to $255k. At year end it held assets of $99k against liabilities of $39, net assets of $99k. It reported 9 employees.