Cornerstone Center for Economic Opportunity

Analysis

Cornerstone Center for Economic Opportunity is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Center for Economic Opportunity reported income of $193k and spending of $187k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $144k to $193k (+34%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cornerstone Center for Economic Opportunity 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 53rd percentile, and in the 57th percentile within TX. Charities of a similar size with the same main cause include One Economy ($193k), Beltzhoover Apartments Inc ($193k) and Possabilities Plus Inc ($193k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $143k against liabilities of $0, net assets of $143k.