Centerstone of Tennessee Inc

Analysis

Centerstone of Tennessee Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in July 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Centerstone of Tennessee Inc reported income of $149.7m and spending of $145.8m, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $103.0m to $149.7m (+45%), an average of +9.8% a year. The sharpest change came in the year to June 2024, when income rose by 22%. 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 Tennessee Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within TN. Charities of a similar size with the same main cause include Genesis Health System ($149.7m), Leconte Medical Center ($149.9m) and Mount St Marys Hospital of Niagara Falls ($149.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $553k (0.4% of expenses). Other salaries and wages came to $65.0m. At year end it held assets of $61.1m against liabilities of $20.7m, net assets of $40.4m. It reported 1,481 employees.