Cornerstone Christian Church of L a

Analysis

Cornerstone Christian Church of L a is a registered charity in United States, based in Alhambra, CA. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Church of L a reported income of $69k and spending of $106k, spending 153% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $96k to $69k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 124% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Cornerstone Christian Church of L a sits at the 31st percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 29th percentile within CA. Charities of a similar size with the same main cause include Mikvah of Waterbury Inc ($69k), Immanuel Christian Mission ($69k) and Trail to the Cross Ministries ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.