Centerstone of America Inc

Analysis

Centerstone of America Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Centerstone of America Inc reported income of $49.1m and spending of $49.1m, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $38.2m to $49.1m (+28%), an average of +6.5% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Centerstone of America Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TN. Charities of a similar size with the same main cause include McLaren Thumb Region ($49.0m), Mendocino Community Health Clinic Inc ($49.1m) and Ascension Care Management Insurance Holdings ($48.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $4.1m (8.3% of expenses). Other salaries and wages came to $23.9m. At year end it held assets of $40.1m against liabilities of $42.2m, net assets of -$2.1m. It reported 376 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.