Centerstone Health Services Inc

Analysis

Centerstone Health Services Inc is a registered charity in United States, based in Bloomington, IN. It received its IRS tax-exemption ruling in May 1973, 53 years ago. Its declared purposes cover health care, 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 December 2023, Centerstone Health Services Inc reported income of $20.6m and spending of $17.1m, spending 83% of its income. The sharpest change came in the year to December 2022, when income rose by 277%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Centerstone Health Services Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IN. Charities of a similar size with the same main cause include Central Suffolk Hospital Foundation ($20.6m), Tioga Medical Center ($20.6m) and Wellmore Inc ($20.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $197k (1.1% of expenses). Other salaries and wages came to $108k. At year end it held assets of $6.4m against liabilities of $3.5m, net assets of $2.9m. It reported 3 employees.