Centerstone of Florida Inc

Analysis

Centerstone of Florida Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in November 1962, 64 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a governmental unit under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Centerstone of Florida Inc reported income of $67.1m and spending of $63.6m, spending 95% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $41.0m to $67.1m (+64%), an average of +10% a year. The sharpest change came in the year to June 2024, when income rose by 18%. Over the whole period it spent 98% 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 Florida Inc sits at the 94th percentile: it is larger than about 94% 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 Southwest Medical Center ($66.9m), Central Pa Behavorial Health Collaborative Inc ($67.1m) and Indiana University Radiology Associates Inc Iu Medical ($66.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $1.4m (2.2% of expenses). Other salaries and wages came to $31.9m. At year end it held assets of $27.5m against liabilities of $11.0m, net assets of $16.5m.