Cornerstone Mission Project

Analysis

Cornerstone Mission Project is a registered charity in United States, based in Kingman, AZ. It received its IRS tax-exemption ruling in May 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Mission Project reported income of $641k and spending of $770k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $572k to $641k (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cornerstone Mission Project sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 71st percentile within AZ. Charities of a similar size with the same main cause include Young Mens Christian Assn of Ridgway Pa ($641k), Alef Bet Child Care Inc ($641k) and Cardboard Prophets ($641k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.7% of the total. Compensation of current officers, directors and key employees was $62k (8.0% of expenses). Other salaries and wages came to $112k. At year end it held assets of $950k against liabilities of $446k, net assets of $505k. It reported 13 employees.