Centerstone of Indiana Inc

Analysis

Centerstone of Indiana Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in October 1968, 58 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 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 of Indiana Inc reported income of $92.5m and spending of $98.3m, spending 106% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $79.4m to $92.5m (+16%), an average of +3.1% a year. Over the whole period it spent 99% 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 Indiana Inc sits at the 95th percentile: it is larger than about 95% 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 Southern Illinois Healthcare Foundation Inc ($92.3m), Corewell Health ($92.5m) and Holy Family Memorial Inc ($92.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 11% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $1.2m (1.2% of expenses). Other salaries and wages came to $56.5m. At year end it held assets of $53.2m against liabilities of $22.7m, net assets of $30.6m. It reported 1,579 employees.