American Cornerstone Institute Inc

Analysis

American Cornerstone Institute Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, American Cornerstone Institute Inc reported income of $11.3m and spending of $11.2m, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $5.2m to $11.3m (+115%), an average of +47% a year. The sharpest change came in the year to December 2022, when income rose by 63%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, American Cornerstone Institute Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 88th percentile within DC. Charities of a similar size with the same main cause include Westchester Country Day School Inc ($11.2m), Friendship Educational Foundation ($11.3m) and The University Foundation California State University Chico ($11.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $988k (8.8% of expenses). Other salaries and wages came to $586k. At year end it held assets of $2.3m against liabilities of $514k, net assets of $1.8m. It reported 10 employees.