Cornerstone Christian Fellowship

Analysis

Cornerstone Christian Fellowship is a registered charity in United States, based in Fountain Vly, CA. It received its IRS tax-exemption ruling in August 1964, 62 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cornerstone Christian Fellowship reported income of $508k and spending of $479k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $418k to $508k (+22%), an average of +5.0% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cornerstone Christian Fellowship 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 70th percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include South Onondaga Fire Department Inc ($508k), Proenglish ($509k) and Birchwood Camp of the Alaska United Methodist Conference Inc ($508k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $283k. At year end it held assets of $403k against liabilities of $32k, net assets of $370k.