Centerstone of Illinois Inc

Analysis

Centerstone of Illinois Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in June 1970, 56 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 Illinois Inc reported income of $53.2m and spending of $51.1m, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $43.4m to $53.2m (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 97% 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 Illinois Inc sits at the 93rd percentile: it is larger than about 93% 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 University of Maryland Community Medical Group Inc ($53.2m), Senior Care Communities Inc ($53.3m) and Aria Community Health Center ($53.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.4% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $487k (1.0% of expenses). Other salaries and wages came to $26.4m. At year end it held assets of $25.4m against liabilities of $8.6m, net assets of $16.8m. It reported 707 employees.