Cornerstone Christian Academy Inc
Cornerstone Christian Academy Inc operates on a modest budget, with recent expenses slightly exceeding revenue and no reported officer compensation.
EIN: 10913548 · Kensett, AR · NTEE: B20 · Updated: 2026-03-28
Is Cornerstone Christian Academy Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cornerstone Christian Academy Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cornerstone Christian Academy Inc
Cornerstone Christian Academy Inc (EIN: 10913548) is a nonprofit organization based in Kensett, AR, classified under NTEE code B20. The organization reported total revenue of $78K and total assets of $11K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cornerstone Christian Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cornerstone Christian Academy Inc is a micro nonprofit that has been operating for 12 years, with 6 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of -2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $72K |
| Total Expenses | $80K |
| Surplus / Deficit | $-8,881 |
| Total Assets | $5K |
| Total Liabilities | $216 |
| Net Assets | $5K |
| Operating Margin | -12.4% |
| Debt-to-Asset Ratio | 4.1% |
| Months of Reserves | 0.8 months |
Financial Health Grade: C
In 2023, Cornerstone Christian Academy Inc reported a deficit of $9K with expenses exceeding revenue, holds 0.8 months of operating reserves (limited), has a debt-to-asset ratio of 4.1% (very low leverage).
Financial Trends
Over 6 years of filings (2013–2023), Cornerstone Christian Academy Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.6% | -8.8% | -64.9% |
| 2022 | -4.3% | -4.7% | +6.2% |
| 2021 | +11.2% | +23.5% | -4.9% |
| 2020 | +39.0% | +43.0% | +113.9% |
| 2018 | -33.7% | -28.9% | -64.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cornerstone Christian Academy Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Cornerstone Christian Academy Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $9K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a volunteer-led or very lean administrative structure, directing all available funds towards its operational mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Cornerstone Christian Academy Inc's IRS 990 filings:
- Expenses consistently exceeding revenue in recent periods (e.g., 202312, 202212), potentially impacting long-term sustainability.
- Modest asset base ($10,515) suggests limited financial reserves for unexpected events or future growth.
Strengths
The following positive indicators were identified for Cornerstone Christian Academy Inc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for direct mission activities.
- Regular IRS 990 filings demonstrate a commitment to basic financial transparency.
- Stable revenue generation over time, averaging around $80,000 annually, indicating consistent community support.
Frequently Asked Questions about Cornerstone Christian Academy Inc
Is Cornerstone Christian Academy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Cornerstone Christian Academy Inc (EIN: 10913548) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Cornerstone Christian Academy Inc spend its money?
Cornerstone Christian Academy Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cornerstone Christian Academy Inc tax-deductible?
Cornerstone Christian Academy Inc is registered as a tax-exempt nonprofit (EIN: 10913548). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Cornerstone Christian Academy Inc cover its operational deficits, given that expenses have exceeded revenue in recent years (e.g., 202312 and 202212)?
The filings show that in periods like 202312 and 202212, expenses slightly outpaced revenue. This could be covered by drawing down prior year surpluses, utilizing restricted funds, or through non-cash expenses. Further detailed financial statements would be needed to understand the specific funding mechanisms.
What is the specific breakdown of program services provided by Cornerstone Christian Academy Inc?
The NTEE code B20 indicates 'Elementary & Secondary Education'. While the filings confirm its educational mission, specific program details like student enrollment, curriculum, or special initiatives are not available in the summary 990 data provided.
What is the organization's strategy for asset growth and financial reserves, given its modest asset base of $10,515?
With assets fluctuating and currently at $10,515, the organization appears to operate with limited reserves. A clear strategy for building financial resilience would be beneficial, especially given the recent trend of expenses exceeding revenue.
Filing History
IRS 990 filing history for Cornerstone Christian Academy Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2013–2023), Cornerstone Christian Academy Inc's revenue has declined by 20.2%, moving from $90K to $72K. Total assets decreased by 73.2% over the same period, from $20K to $5K. Total functional expenses rose by 9.1%, from $74K to $80K. In its most recent filing year (2023), Cornerstone Christian Academy Inc reported a deficit of $9K, with expenses exceeding revenue. The organization holds $216 in liabilities against $5K in assets (debt-to-asset ratio: 4.1%), resulting in net assets of $5K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $72K | $80K | $5K | $216 | — | — |
| 2022 | $88K | $88K | $15K | $1K | — | View 990 |
| 2021 | $92K | $93K | $14K | $0 | — | View 990 |
| 2020 | $83K | $75K | $15K | $0 | — | — |
| 2018 | $59K | $52K | $7K | $0 | — | View 990 |
| 2013 | $90K | $74K | $20K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $72K, expenses of $80K, and assets of $5K (revenue -18.6% year-over-year).
- 2022: Revenue of $88K, expenses of $88K, and assets of $15K (revenue -4.3% year-over-year).
- 2021: Revenue of $92K, expenses of $93K, and assets of $14K (revenue +11.2% year-over-year).
- 2020: Revenue of $83K, expenses of $75K, and assets of $15K (revenue +39.0% year-over-year).
- 2018: Revenue of $59K, expenses of $52K, and assets of $7K (revenue -33.7% year-over-year).
- 2013: Revenue of $90K, expenses of $74K, and assets of $20K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cornerstone Christian Academy Inc:
Data Sources and Methodology
This transparency report for Cornerstone Christian Academy Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.