Cornerstone Community Outreach Inc
EIN: 630912045 · White Hall, AL · NTEE: P30
| Metric | Value |
|---|---|
| Total Revenue | $2K |
| Total Expenses | $42K |
| Net Assets | $1.1M |
Is Cornerstone Community Outreach Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Cornerstone Community Outreach Inc
Cornerstone Community Outreach Inc (EIN: 630912045) is a nonprofit organization based in White Hall, AL, classified under NTEE code P30. The organization reported total revenue of $2K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cornerstone Community Outreach Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cornerstone Community Outreach Inc is a micro nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -24.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $705 |
| Total Expenses | $42K |
| Surplus / Deficit | $-40,821 |
| Total Assets | $1.1M |
| Net Assets | $1.1M |
| Operating Margin | -5790.2% |
| Months of Reserves | 325.3 months |
Financial Health Grade: B
In 2023, Cornerstone Community Outreach Inc reported a deficit of $41K with expenses exceeding revenue, holds 325.3 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2023), Cornerstone Community Outreach Inc's revenue has declined at a compound annual growth rate (CAGR) of -24.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -89.6% | +13.7% | -1.5% |
| 2022 | -95.8% | -44.5% | -0.7% |
| 2021 | +4152.3% | +85.7% | -31.2% |
| 2020 | +80.0% | -94.7% | -0.4% |
| 2019 | -36.3% | +942.1% | -27.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Cornerstone Community Outreach Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cornerstone Community Outreach Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $41K, with expenses exceeding revenue.
Frequently Asked Questions about Cornerstone Community Outreach Inc
Is Cornerstone Community Outreach Inc a legitimate charity?
Cornerstone Community Outreach Inc (EIN: 630912045) is a registered tax-exempt nonprofit based in Alabama. It has 12 years of IRS 990 filings on record. Total revenue: $2K. No red flags identified. Financial health grade: B.
How does Cornerstone Community Outreach Inc spend its money?
Cornerstone Community Outreach Inc reported $2K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Cornerstone Community Outreach Inc tax-deductible?
Cornerstone Community Outreach Inc is registered as a tax-exempt nonprofit (EIN: 630912045). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Cornerstone Community Outreach Inc located?
Cornerstone Community Outreach Inc is headquartered in White Hall, Alabama and files with the IRS under EIN 630912045. It is classified under NTEE code P30.
How many years of IRS 990 filings does Cornerstone Community Outreach Inc have?
Cornerstone Community Outreach Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2K in total revenue.
Filing History
IRS 990 filing history for Cornerstone Community Outreach Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Cornerstone Community Outreach Inc's revenue has declined by 96.7%, moving from $21K to $705. Total assets decreased by 73.9% over the same period, from $4.3M to $1.1M. Total functional expenses fell by 96.6%, from $1.2M to $42K. In its most recent filing year (2023), Cornerstone Community Outreach Inc reported a deficit of $41K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $705 | $42K | $1.1M | $0 | — | — |
| 2022 | $7K | $37K | $1.1M | $0 | — | — |
| 2021 | $162K | $66K | $1.2M | $0 | — | — |
| 2020 | $4K | $35K | $1.7M | $0 | — | View 990 |
| 2019 | $2K | $669K | $1.7M | $0 | — | View 990 |
| 2018 | $3K | $64K | $2.3M | $0 | — | View 990 |
| 2017 | $2K | $276K | $2.4M | $0 | — | View 990 |
| 2016 | $1K | $462K | $2.6M | $0 | — | View 990 |
| 2014 | $4K | $379K | $3.4M | $0 | — | View 990 |
| 2013 | $4K | $334K | $3.8M | $0 | — | View 990 |
| 2012 | $16K | $223K | $4.1M | $0 | — | View 990 |
| 2011 | $21K | $1.2M | $4.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $705, expenses of $42K, and assets of $1.1M (revenue -89.6% year-over-year).
- 2022: Revenue of $7K, expenses of $37K, and assets of $1.1M (revenue -95.8% year-over-year).
- 2021: Revenue of $162K, expenses of $66K, and assets of $1.2M (revenue +4152.3% year-over-year).
- 2020: Revenue of $4K, expenses of $35K, and assets of $1.7M (revenue +80.0% year-over-year).
- 2019: Revenue of $2K, expenses of $669K, and assets of $1.7M (revenue -36.3% year-over-year).
- 2018: Revenue of $3K, expenses of $64K, and assets of $2.3M (revenue +120.5% year-over-year).
- 2017: Revenue of $2K, expenses of $276K, and assets of $2.4M (revenue +21.7% year-over-year).
- 2016: Revenue of $1K, expenses of $462K, and assets of $2.6M (revenue -67.2% year-over-year).
- 2014: Revenue of $4K, expenses of $379K, and assets of $3.4M (revenue -1.1% year-over-year).
- 2013: Revenue of $4K, expenses of $334K, and assets of $3.8M (revenue -76.2% year-over-year).
- 2012: Revenue of $16K, expenses of $223K, and assets of $4.1M (revenue -24.2% year-over-year).
- 2011: Revenue of $21K, expenses of $1.2M, and assets of $4.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cornerstone Community Outreach Inc:
Data Sources and Methodology
This transparency report for Cornerstone Community Outreach 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.