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Cornerstone Rescue Mission

EIN 36-3296431 · Rapid City, SD

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair68 out of 100GovernanceStrong95 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

PROVIDE SHELTER, FOOD, CLOTHING, GOSPEL, SOCIAL SERVICE REFERRALS, AND ASSISTANCE TO THE HOMELESS.

Income
$6.1 million
Spending
$6.0 million
Spent on programs
95%
Reserves
1.6 months of spending
Largest source of income
donations and private grants, 48%
Employees
112
Volunteers
645
Highest pay
$119,634, executive director

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 68 out of 100.

  • Reserves

    10 of 35

    Spendable reserves would cover 1.6 months of spending.

  • Debt

    16 of 20

    It owes 15% of what it owns.

  • Living within its means

    12 of 15

    Income exceeded spending by 2% of income.

  • Income trend

    15 of 15

    Income rose 15% on the year before.

  • Spending floor

    15 of 15

    95% of spending went to programs and raising each dollar of donations cost 1 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 95 out of 100.

  • Independent board

    25 of 25

    10 of 11 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $4.9 million spent. THE ORGANIZATION SERVED APPROXIMATELY 116,918 MEALS AVERAGING 320 MEALS PER DAY AND 24,687 NIGHTS OF LODGING AVERAGING 68 PEOPLE PER NIGHT. THE CORNERSTONE RESCUE MISSION PROVIDED CLOTHING AND HOUSE WARES TO OVER 240 CLIENTS AS WELL AS OTHER TYPES OF BENEVOLENT ASSISTANCE. THE ORGANIZATION ALSO HELPED PROVIDE 234 CLIENTS WITH PERMANENT HOUSING.COMMUNITY TRANSITION PROGRAM (CTP) IS A PRISON RE-ENTRY PROGRAM DESIGNED TO HELP PAROLEES REINTEGRATE INTO SOCIETY. SERVICES PROVIDED INCLUDE CASE MANAGEMENT, SHELTER, FOOD, TRANSPORTATION, EMPLOYMENT SEARCH ASSISTANCE AND HOUSING SEARCH ASSISTANCE. THE CTP PROGRAM PROVIDED 13,428 NIGHTS OF LODGING AVERAGING 37 PEOPLE PER NIGHT.
  2. $772,905 spent. THE THRIFT STORE SELLS ITEMS THAT HAVE BEEN DONATED, SUCH AS CLOTHING, FURNITURE, HOUSEHOLD GOODS, ETC. AT ECONOMICAL PRICES TO THE PUBLIC. THE PROFITS FROM THE THRIFT STORE SUPPORT THE CORNERSTONE WOMEN & CHILDREN'S HOME.IN ADDITION, A VOUCHER PROCESS ALLOWS CLIENTS TO OBTAIN ITEMS AT THE STORE TO SUPPORT SUSTAINABILITY FOR THEIR HOUSING AND EMPLOYMENT. IT ALSO SERVES AS A SITE FOR PEOPLE FROM THE COMMUNITY WHO CHOOSE TO VOLUNTEER OR ARE ASSIGNED COMMUNITY SERVICE HOURS.
  3. THE CORNERSTONE APARTMENTS PROVIDES A PERMANENT SUPPORTIVE HOUSING FACILITY WHICH PROVIDES A SELF-SUFFICIENCY PROGRAM FOR INDIVIDUALS AND FAMILIES WHO ARE HOMELESS AND DISABLED. THE FACILITY CONSISTS OF 24 TWO- AND THREE-BEDROOM FAMILY UNITS. ADULT TENANTS MEET WITH CASE MANAGERS REGULARLY IN ORDER TO ACHIEVE GOALS OUTLINED IN THE SELF-SUFFICIENCY PLAN.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since March 1989.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.