Centerstone Military Services Inc

Analysis

Centerstone Military Services Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 Military Services Inc reported income of $4.7m and spending of $4.5m, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.3m to $4.7m (+105%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 61%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Centerstone Military Services Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within TN. Charities of a similar size with the same main cause include Texas Computer Education Association ($4.7m), Little Sisters of the Assumption Family Health Service ($4.7m) and Cumberland Goodwill Fire Rescue Ems Inc ($4.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.9% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $184k (4.0% of expenses). Other salaries and wages came to $594k. At year end it held assets of $2.3m against liabilities of $218k, net assets of $2.1m. It reported 15 employees.