Cornerstone Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 481,292 | 500,498 | −19,206 | -0.3 | 82% |
| 2012 | 533,055 | 529,475 | 3,580 | -0.0 | 80% |
| 2013 | 551,804 | 507,203 | 44,601 | 0.3 | 79% |
| 2014 | 518,221 | 528,754 | −10,533 | 0.0 | 72% |
| 2015 | 380,221 | 368,320 | 11,901 | 0.4 | 84% |
| 2016 | 778,934 | 768,521 | 10,413 | 0.4 | 35% |
| 2017 | 757,286 | 776,901 | −19,615 | 0.0 | 34% |
| 2018 | 747,026 | 752,397 | −5,371 | -0.0 | 34% |
| 2019 | 748,483 | 762,987 | −14,504 | -0.4 | 31% |
| 2020 | 295,559 | 539,796 | −244,237 | 1.2 | 81% |
| 2021 | 905,247 | 684,977 | 220,270 | 4.6 | 39% |
| 2022 | 1,125,300 | 906,478 | 218,822 | 5.3 | 43% |
| 2023 | 1,421,329 | 1,206,586 | 214,743 | 7.4 | 51% |
In its most recent public year (2023), this organization brought in $214,743 more than it spent. Its reserves stood at about 7.4 months of spending, up from -0.3 in 2011. Staff pay was 51% of spending. $154,975 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Cornerstone Academy's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works