Cornerstone Preschool Group

Analysis

Cornerstone Preschool Group is a registered charity in United States, based in Roswell, GA. It received its IRS tax-exemption ruling in September 2021, 5 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 December 2023, Cornerstone Preschool Group reported income of $425k and spending of $394k, spending 93% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $300k to $425k (+42%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 32%. 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 Preschool Group 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 72nd percentile within GA. Charities of a similar size with the same main cause include Creative Strategies for Change ($425k), Irvington Extended Day Inc ($425k) and Friends Investing in Sacramento Public Library ($425k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.9% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $48k (12% of expenses). Other salaries and wages came to $197k. At year end it held assets of $94k against liabilities of $0, net assets of $94k. It reported 30 employees.