P โ€” Human ServicesEIN: 341945499ยท Ruling Year: 2004

Cornerstone Of Hope Inc

Independence, Ohio

AHealth Score
91A

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Excellent

๐Ÿ’ฐ
$4.7M
Total Revenue
๐Ÿ“Š
$3.7M
Total Expenses
๐Ÿฆ
$7.5M
Net Assets
๐Ÿ“‹
$784K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+40.8%
Year-over-year change (2022 โ†’ 2023)
Net Margin
+22.0%
Revenue minus expenses as % of revenue
Working Capital Ratio
2.03
Net assets divided by total expenses
Liabilities-to-Assets
9.5%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$4,728,158โ†‘41%$3,687,728โ†‘27%$8,266,174โ†‘27%
2022$3,358,091โ†“13%$2,903,716โ†‘35%$6,515,367โ†‘6%
2021$3,866,660โ†‘34%$2,157,901โ†‘18%$6,164,304โ†‘38%
2020$2,894,365โ†‘10%$1,824,866โ†“20%$4,475,880โ†‘40%
2019$2,639,557โ†‘24%$2,291,059โ†‘13%$3,199,151โ†‘14%
2018$2,127,726โ†‘11%$2,031,035โ†‘15%$2,806,716โ†‘4%
2017$1,914,175โ†‘18%$1,769,355โ†‘9%$2,706,690โ†‘4%
2016$1,620,521$1,619,982โ†‘5%$2,608,418
2015$1,614,558โ†‘9%$1,544,289โ†‘13%$2,618,934โ†‘11%
2014$1,486,362โ†‘2%$1,368,179โ†“6%$2,349,346โ†‘4%
2013$1,453,412โ†‘54%$1,451,915โ†‘13%$2,265,332โ†‘6%
2012$941,960โ†“15%$1,279,314โ†‘37%$2,138,841โ†“12%
2011$1,108,932$931,152$2,428,235

Frequently Asked Questions

What does Cornerstone Of Hope Inc do?โ–ผ

Cornerstone Of Hope Inc is a human services nonprofit organization based in Ohio. It is classified under NTEE code P50 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Cornerstone Of Hope Inc financially healthy?โ–ผ

Based on our 9-metric Financial Health Score model, Cornerstone Of Hope Inc has a score of 91/100 (Grade: A). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Cornerstone Of Hope Inc generate?โ–ผ

Cornerstone Of Hope Inc reports $4.9M in annual revenue and holds $8.9M in total assets, based on IRS filings.

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Cornerstone Of Hope Inc โ€” Independence, OH | GiveScope