Cornerstone Broadcasting Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 404,282 | 389,196 | 15,086 | 26.6 | 39% |
| 2021 | 420,943 | 410,915 | 10,028 | 26.0 | 37% |
| 2022 | 467,116 | 493,143 | −26,027 | 20.6 | 12% |
| 2023 | 460,288 | 475,941 | −15,653 | 21.2 | 39% |
In its most recent public year (2023), this organization spent $15,653 more than it brought in. Its reserves stood at about 21.2 months of spending, down from 26.6 in 2020. Staff pay was 39% of spending.
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
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