Cornerstones Community Partnerships

Analysis

Cornerstones Community Partnerships is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in March 1995, 31 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Cornerstones Community Partnerships reported income of $674k and spending of $799k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $796k to $674k (-15%), an average of -4.1% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cornerstones Community Partnerships sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within NM. Charities of a similar size with the same main cause include Support Connection Inc ($674k), Looking for Lincoln Heritage Coalition ($674k) and La-Mas Inc ($674k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $143k (18% of expenses). Other salaries and wages came to $230k. At year end it held assets of $711k against liabilities of $56k, net assets of $655k. It reported 25 employees.