Centerstone Foundation Inc

Analysis

Centerstone Foundation Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in October 2014, 12 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 (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Centerstone Foundation Inc reported income of $10.7m and spending of $3.7m, leaving 66% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $4.4m to $10.7m (+144%), an average of +20% a year. The sharpest change came in the year to June 2024, when income rose by 214%. Over the whole period it spent 60% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Centerstone Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TN. Charities of a similar size with the same main cause include Healthcare Choices Ny Inc ($10.7m), North Colorado Health Alliance ($10.7m) and Community Assessment and Treatment Services Inc ($10.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $150k (4.1% of expenses). Other salaries and wages came to $903k. At year end it held assets of $21.7m against liabilities of $159k, net assets of $21.5m. It reported 11 employees.