Cornerstone Resource Alliance Inc

Analysis

Cornerstone Resource Alliance Inc is a registered charity in United States, based in Big Pine Key, FL. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Cornerstone Resource Alliance Inc reported income of $895k and spending of $880k, spending 98% of its income. Across the 2 years on record, from June 2021 to June 2023, income grew from $700k to $895k (+28%), an average of +28% a year. The sharpest change came in the year to June 2023, when income rose by 28%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cornerstone Resource Alliance Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Catskill Mountain Housing Development Corporation ($894k), Great Valley Housing Development Corporation ($895k) and Habitat for Humanity International Inc ($893k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $80k (9.1% of expenses). Other salaries and wages came to $595k. At year end it held assets of $252k against liabilities of $7,014, net assets of $245k. It reported 37 employees.