Cornerstone Resource Alliance Inc
EIN: 851097419 · Big Pine Key, FL · NTEE: L41
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $880K |
| Net Assets | $245K |
Is Cornerstone Resource Alliance 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 Resource Alliance Inc
Cornerstone Resource Alliance Inc (EIN: 851097419) is a nonprofit organization based in Big Pine Key, FL, classified under NTEE code L41. The organization reported total revenue of $1.2M and total assets of $518K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cornerstone Resource Alliance Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cornerstone Resource Alliance Inc is a mid-size nonprofit that has been operating for 5 years, with 2 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 13.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $895K |
| Total Expenses | $880K |
| Surplus / Deficit | +$15K |
| Total Assets | $252K |
| Total Liabilities | $7K |
| Net Assets | $245K |
| Operating Margin | 1.6% |
| Debt-to-Asset Ratio | 2.8% |
| Months of Reserves | 3.4 months |
Financial Health Grade: A
In 2023, Cornerstone Resource Alliance Inc reported a surplus of $15K with revenue exceeding expenses, holds 3.4 months of operating reserves (adequate), has a debt-to-asset ratio of 2.8% (very low leverage).
Financial Trends
Over 2 years of filings (2021–2023), Cornerstone Resource Alliance Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.9% | +52.9% | +94.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Cornerstone Resource Alliance 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 Resource Alliance 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 surplus of $15K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.8%.
Frequently Asked Questions about Cornerstone Resource Alliance Inc
Is Cornerstone Resource Alliance Inc a legitimate charity?
Cornerstone Resource Alliance Inc (EIN: 851097419) is a registered tax-exempt nonprofit based in Florida. It has 2 years of IRS 990 filings on record. Total revenue: $1.2M. No red flags identified. Financial health grade: A.
How does Cornerstone Resource Alliance Inc spend its money?
Cornerstone Resource Alliance Inc reported $1.2M in total revenue in IRS 990 filings. 2 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Cornerstone Resource Alliance Inc tax-deductible?
Cornerstone Resource Alliance Inc is registered as a tax-exempt nonprofit (EIN: 851097419). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Cornerstone Resource Alliance Inc located?
Cornerstone Resource Alliance Inc is headquartered in Big Pine Key, Florida and files with the IRS under EIN 851097419. It is classified under NTEE code L41.
How many years of IRS 990 filings does Cornerstone Resource Alliance Inc have?
Cornerstone Resource Alliance Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $1.2M in total revenue.
Filing History
IRS 990 filing history for Cornerstone Resource Alliance Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2021–2023), Cornerstone Resource Alliance Inc's revenue has grown by 27.9%, moving from $700K to $895K. Total assets increased by 94.6% over the same period, from $129K to $252K. Total functional expenses rose by 52.9%, from $576K to $880K. In its most recent filing year (2023), Cornerstone Resource Alliance Inc reported a surplus of $15K, with revenue exceeding expenses. The organization holds $7K in liabilities against $252K in assets (debt-to-asset ratio: 2.8%), resulting in net assets of $245K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $895K | $880K | $252K | $7K | — | — |
| 2021 | $700K | $576K | $129K | $6K | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cornerstone Resource Alliance Inc:
Data Sources and Methodology
This transparency report for Cornerstone Resource Alliance 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.