Corner Stone Community Development Corporation

Analysis

Corner Stone Community Development Corporation is a registered charity in United States, based in San Leandro, CA. It received its IRS tax-exemption ruling in October 1989, 37 years ago. 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, Corner Stone Community Development Corporation reported income of $12.6m and spending of $11.8m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.7m to $12.6m (+119%), an average of +22% a year. The sharpest change came in the year to June 2021, when income rose by 32%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Corner Stone Community Development Corporation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include International Society on Thrombosis and Haemostasis Inc ($12.6m), Second Wind Programs Inc ($12.6m) and Brooklyn Legal Services Corp a ($12.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.6% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $150k (1.3% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $6.2m against liabilities of $2.5m, net assets of $3.7m. It reported 106 employees.