Ossipee Cornerstone Christian Academy Inc
Ossipee Cornerstone Christian Academy Inc maintains stable finances with consistent revenue and no reported officer compensation.
EIN: 20474858 · Ossipee, NH · NTEE: B24 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $824K |
| Total Expenses | $653K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $600,000 |
| Net Assets | $904K |
| Transparency Score | 80/100 |
Is Ossipee 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 →
Ossipee Cornerstone Christian Academy Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ossipee Cornerstone Christian Academy Inc
Ossipee Cornerstone Christian Academy Inc (EIN: 20474858) is a nonprofit organization based in Ossipee, NH, classified under NTEE code B24. The organization reported total revenue of $824K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ossipee Cornerstone Christian Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ossipee Cornerstone Christian Academy Inc is a small nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $677K |
| Total Expenses | $653K |
| Surplus / Deficit | +$23K |
| Total Assets | $1.2M |
| Total Liabilities | $300K |
| Net Assets | $904K |
| Operating Margin | 3.4% |
| Debt-to-Asset Ratio | 24.9% |
| Months of Reserves | 22.1 months |
Financial Health Grade: A
In 2023, Ossipee Cornerstone Christian Academy Inc reported a surplus of $23K with revenue exceeding expenses, holds 22.1 months of operating reserves (strong position), has a debt-to-asset ratio of 24.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ossipee Cornerstone Christian Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.1% | +14.6% | +0.9% |
| 2022 | -4.1% | -4.0% | +11.2% |
| 2021 | +27.0% | -7.7% | +5.0% |
| 2020 | +10.2% | +13.7% | -0.9% |
| 2019 | +4.6% | +9.8% | -12.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2000 |
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 Ossipee Cornerstone Christian Academy Inc with a Mission Score of 80 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Ossipee 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 surplus of $23K, with revenue exceeding expenses.
- Debt-to-asset ratio: 24.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with over $600,000 in annual expenses. This suggests either a fully volunteer executive leadership or that executive compensation is not explicitly reported under 'Officer Comp' and may be embedded within other expense categories, impacting transparency.
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 Ossipee Cornerstone Christian Academy Inc's IRS 990 filings:
- Lack of detailed expense breakdown beyond total expenses makes it difficult to assess specific spending efficiency.
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and could indicate a lack of transparency in reporting executive pay.
Strengths
The following positive indicators were identified for Ossipee Cornerstone Christian Academy Inc:
- Consistent positive net income in recent years (e.g., $23,245 surplus in 202306).
- Stable asset base consistently over $1 million, indicating financial resilience.
- Decreasing trend in liabilities, showing effective debt management.
- Long history of IRS 990 filings (13 filings), suggesting consistent compliance and operations.
Frequently Asked Questions about Ossipee Cornerstone Christian Academy Inc
Is Ossipee Cornerstone Christian Academy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ossipee Cornerstone Christian Academy Inc (EIN: 20474858) some concerns. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.
How does Ossipee Cornerstone Christian Academy Inc spend its money?
Ossipee Cornerstone Christian Academy Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ossipee Cornerstone Christian Academy Inc tax-deductible?
Ossipee Cornerstone Christian Academy Inc is registered as a tax-exempt nonprofit (EIN: 20474858). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Ossipee Cornerstone Christian Academy Inc CEO make?
Ossipee Cornerstone Christian Academy Inc's highest-compensated officer earns $600,000 annually. The organization reported $824K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Ossipee Cornerstone Christian Academy Inc's spending goes to programs?
Ossipee Cornerstone Christian Academy Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ossipee Cornerstone Christian Academy Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Ossipee Cornerstone Christian Academy Inc is above average for NTEE category B24 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ossipee Cornerstone Christian Academy Inc located?
Ossipee Cornerstone Christian Academy Inc is headquartered in Ossipee, New Hampshire and files with the IRS under EIN 20474858. It is classified under NTEE code B24.
How many years of IRS 990 filings does Ossipee Cornerstone Christian Academy Inc have?
Ossipee Cornerstone Christian Academy Inc has 13 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 $824K in total revenue.
Is Ossipee Cornerstone Christian Academy Inc a good charity?
Based on the available financial data, the academy appears to be a financially stable organization with consistent revenue and a healthy asset base. Its consistent reporting of 0% officer compensation is a unique aspect that could indicate strong volunteer support or a need for more detailed expense reporting to fully assess.
How does the organization manage its liabilities?
The organization has shown a positive trend in managing its liabilities, decreasing from a high of $441,181 in 201806 to $299,720 in 202306, indicating responsible financial stewardship.
What is the trend in the organization's revenue and expenses?
Revenue has generally been stable, fluctuating around $600,000-$700,000 annually, with expenses typically slightly below or in line with revenue in recent years, leading to positive net income in most periods (e.g., $676,730 revenue vs. $653,485 expenses in 202306).
Filing History
IRS 990 filing history for Ossipee Cornerstone Christian Academy Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ossipee Cornerstone Christian Academy Inc's revenue has grown by 11.6%, moving from $606K to $677K. Total assets decreased by 14.6% over the same period, from $1.4M to $1.2M. Total functional expenses fell by 4.9%, from $687K to $653K. In its most recent filing year (2023), Ossipee Cornerstone Christian Academy Inc reported a surplus of $23K, with revenue exceeding expenses. The organization holds $300K in liabilities against $1.2M in assets (debt-to-asset ratio: 24.9%), resulting in net assets of $904K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $677K | $653K | $1.2M | $300K | — | View 990 |
| 2022 | $698K | $570K | $1.2M | $312K | — | View 990 |
| 2021 | $728K | $594K | $1.1M | $319K | — | View 990 |
| 2020 | $574K | $644K | $1.0M | $402K | — | — |
| 2019 | $520K | $566K | $1.0M | $341K | — | View 990 |
| 2018 | $497K | $515K | $1.2M | $441K | — | View 990 |
| 2017 | $491K | $534K | $1.2M | $439K | — | View 990 |
| 2016 | $566K | $611K | $1.2M | $427K | — | View 990 |
| 2015 | $683K | $727K | $1.3M | $431K | — | View 990 |
| 2014 | $744K | $686K | $1.3M | $427K | — | View 990 |
| 2013 | $679K | $747K | $1.4M | $525K | — | View 990 |
| 2012 | $681K | $732K | $1.4M | $472K | — | View 990 |
| 2011 | $606K | $687K | $1.4M | $465K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $677K, expenses of $653K, and assets of $1.2M (revenue -3.1% year-over-year).
- 2022: Revenue of $698K, expenses of $570K, and assets of $1.2M (revenue -4.1% year-over-year).
- 2021: Revenue of $728K, expenses of $594K, and assets of $1.1M (revenue +27.0% year-over-year).
- 2020: Revenue of $574K, expenses of $644K, and assets of $1.0M (revenue +10.2% year-over-year).
- 2019: Revenue of $520K, expenses of $566K, and assets of $1.0M (revenue +4.6% year-over-year).
- 2018: Revenue of $497K, expenses of $515K, and assets of $1.2M (revenue +1.3% year-over-year).
- 2017: Revenue of $491K, expenses of $534K, and assets of $1.2M (revenue -13.3% year-over-year).
- 2016: Revenue of $566K, expenses of $611K, and assets of $1.2M (revenue -17.1% year-over-year).
- 2015: Revenue of $683K, expenses of $727K, and assets of $1.3M (revenue -8.1% year-over-year).
- 2014: Revenue of $744K, expenses of $686K, and assets of $1.3M (revenue +9.5% year-over-year).
- 2013: Revenue of $679K, expenses of $747K, and assets of $1.4M (revenue -0.3% year-over-year).
- 2012: Revenue of $681K, expenses of $732K, and assets of $1.4M (revenue +12.4% year-over-year).
- 2011: Revenue of $606K, expenses of $687K, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ossipee Cornerstone Christian Academy Inc:
Data Sources and Methodology
This transparency report for Ossipee 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.