The CornerStone Academy of Biblical Studies (CABS) Inc
Publicly funded institution · Ottawa, Ontario · BN 868709973RR0001 · Teaching Institutions
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($2,326) as filed with the CRA.
The CornerStone Academy of Biblical Studies (CABS) Inc is a charitable organization based in Ottawa, Ontario, classified by the CRA under teaching institutions. It appears on the charity register the way hospitals, universities, and other publicly funded bodies do — to issue tax receipts — rather than as a donation-driven charity in the usual sense. In its fiscal year ending December 31, 2024, it reported $5,063 in revenue and $2,326 in expenditures.
Its funding that year was roughly 66% from donations.
Compared with 673 education institutions of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 79% of peers.
Revenue has grown substantially over its filings on record here, from $1,165 in 2020 to $5,063 in 2024.
In its own words
Provide online instructions of bible courses to adults
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $5,063 | $2,326 | $2,326 | — | — | $24K |
| 2023 | $3,035 | — | $1,931 | — | — | $21K |
| 2022 | $1,454 | $3,833 | $3,833 | — | — | $23K |
| 2021 | $5,031 | $5,080 | $4,661 | — | — | $25K |
| 2020 | $1,165 | $2,339 | $2,339 | — | — | $26K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Check the source
Every figure on this page is from The CornerStone Academy of Biblical Studies (CABS) Inc’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 868709973RR0001), or read how we compute the receipt.