Centerstone Unlimited

Analysis

Centerstone Unlimited is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in August 2009, 17 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Centerstone Unlimited reported income of $182k and spending of $298k, spending 164% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $162k to $182k (+13%), an average of +3.0% a year. Over the whole period it spent 158% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Centerstone Unlimited sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 48th percentile within WA. Charities of a similar size with the same main cause include Hamilton Housing Development Company Incorporated ($182k), Armenia-Eddy Apartments Inc ($182k) and Converse-Kokomo Oic Housing Services Inc ($182k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 76% and program service revenue 23% of the total. Other salaries and wages came to $19k. At year end it held assets of $2.9m against liabilities of $29k, net assets of $2.8m.

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.