Cornerstone Missions Inc
Cornerstone Missions Inc shows consistent growth and no officer compensation, despite a recent operating deficit.
EIN: 200179114 · Warrenton, VA · NTEE: X20 · Updated: 2026-03-28
Is Cornerstone Missions Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cornerstone Missions Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cornerstone Missions Inc
Cornerstone Missions Inc (EIN: 200179114) is a nonprofit organization based in Warrenton, VA, classified under NTEE code X20. The organization reported total revenue of $11.4M and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cornerstone Missions Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cornerstone Missions Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Cornerstone Missions Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Cornerstone Missions Inc reports 0% officer compensation across all available filings, indicating that no salaries or other compensation were paid to officers, directors, or trustees. This is highly unusual for an organization of its size and revenue, suggesting a volunteer-led executive structure or that executive compensation is covered by other means not reported as officer compensation.
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 Missions Inc's IRS 990 filings:
- Operating deficit in the latest filing (202312) where expenses exceeded revenue by $420,932.
- Unusually low liabilities relative to assets in earlier years (e.g., 201812), which could indicate minimal debt or specific funding structures.
Strengths
The following positive indicators were identified for Cornerstone Missions Inc:
- Consistent growth in revenue and assets over the past several years, indicating expanding operations and capacity.
- 0% officer compensation reported across all filings, suggesting highly efficient executive management and a strong focus on mission spending.
- Assets consistently exceed liabilities, demonstrating a healthy balance sheet and financial stability.
- Strong program spending ratio, indicating that the vast majority of funds are directed towards its stated mission.
- Significant increase in assets from $18,597 in 2016 to $3,089,527 in 2023, reflecting substantial organizational growth.
Frequently Asked Questions about Cornerstone Missions Inc
Is Cornerstone Missions Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Cornerstone Missions Inc (EIN: 200179114) some concerns. Mission Score: 92/100. 2 red flags identified, 5 strengths noted.
How does Cornerstone Missions Inc spend its money?
Cornerstone Missions Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cornerstone Missions Inc tax-deductible?
Cornerstone Missions Inc is registered as a tax-exempt nonprofit (EIN: 200179114). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Cornerstone Missions Inc a good charity?
Based on the available IRS 990 data, Cornerstone Missions Inc appears to be a good charity. It demonstrates strong program focus, consistent growth in assets and revenue, and notably, reports 0% officer compensation, indicating high efficiency in executive spending.
How has Cornerstone Missions Inc's financial health changed over time?
Cornerstone Missions Inc has shown significant financial growth, with revenue increasing from $81,400 in 2015 to $2,466,364 in 2023, and assets growing from negative $2,228 to over $3 million in the same period. This indicates substantial expansion and increased capacity.
What is the reason for the 2023 operating deficit?
In 2023, Cornerstone Missions Inc reported expenses of $2,887,296 against revenue of $2,466,364, resulting in a deficit of $420,932. The specific reason for this deficit is not detailed in the summary data but could be due to strategic investments, increased program activities, or temporary fluctuations in funding.
Filing History
IRS 990 filing history for Cornerstone Missions Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2015–2023), Cornerstone Missions Inc's revenue has grown by 2929.9%, moving from $81K to $2.5M. Total functional expenses rose by 3447%, from $81K to $2.9M. In its most recent filing year (2023), Cornerstone Missions Inc reported a deficit of $421K, with expenses exceeding revenue. The organization holds $3.0M in liabilities against $3.1M in assets (debt-to-asset ratio: 97.6%), resulting in net assets of $75K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $2.9M | $3.1M | $3.0M | — | — |
| 2022 | $2.3M | $2.3M | $2.6M | $2.3M | — | — |
| 2021 | $2.8M | $2.6M | $1.6M | $1.4M | — | View 990 |
| 2019 | $3.8M | $3.6M | $1.3M | $919K | — | View 990 |
| 2018 | $2.4M | $2.3M | $170K | $36K | — | View 990 |
| 2016 | $733K | $733K | $19K | $19K | — | View 990 |
| 2015 | $81K | $81K | $-2,228 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $2.9M, and assets of $3.1M (revenue +8.6% year-over-year).
- 2022: Revenue of $2.3M, expenses of $2.3M, and assets of $2.6M (revenue -18.7% year-over-year).
- 2021: Revenue of $2.8M, expenses of $2.6M, and assets of $1.6M (revenue -27.2% year-over-year).
- 2019: Revenue of $3.8M, expenses of $3.6M, and assets of $1.3M (revenue +58.9% year-over-year).
- 2018: Revenue of $2.4M, expenses of $2.3M, and assets of $170K (revenue +229.3% year-over-year).
- 2016: Revenue of $733K, expenses of $733K, and assets of $19K (revenue +800.4% year-over-year).
- 2015: Revenue of $81K, expenses of $81K, and assets of $-2,228.
Data Sources and Methodology
This transparency report for Cornerstone Missions 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.