Overview

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Est.

2000

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

MemoryCare Inc is a nonprofit organization dedicated to providing specialized medical care for older adults with cognitive impairment while also offering support and education for caregivers. With an operating budget of $2.8 million and total revenue of $3.2 million for the 2024 filing year, the organization relies on diverse funding sources, with no single funder contributing 50% or more of its revenue. More information can be found on their website at www.memorycare.org.

Mission Statement

MemoryCares mission is three-fold: to provide specialized medical care to older adults with cognitive impairment; to support caregivers with education, counseling and...(See entire mission statement on page 2)
Revenues
$3.2M
Expenses
$2.8M
Net Income:
+$399.8K
Assets
$16.6M
Liabilities
$256.9K
Net Assets:
+$16.4M
Operating Budget
$2.8M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
11
Median grant size
$12.5K
Largest grant received
$90K
C
Christine Gulden MHP
Board Member
G
Georgia Crump LPN
Board Member
J
Janet Moore MPS APR
Board Member

Frequently Asked Questions

What is MemoryCare Inc’s budget?
In 2024, MemoryCare Inc reported an annual operating budget of around $2.8 million. More detailed financial information is available to registered users.
What causes does MemoryCare Inc support?
MemoryCare Inc supports work in Health care clinics.
Where does MemoryCare Inc operate?
MemoryCare Inc is headquartered in Asheville, NC.
Who funded MemoryCare Inc recently?
In 2025, MemoryCare Inc received grants from THE COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA INC, Rotary Club of Asheville- Biltmore Foundation, and HARRY F CHADDICK AND ELAINE CHADDICK FOUNDATION INC. More information on this organization’s funders is available to registered users.
What is the largest grant MemoryCare Inc received in 2024?
The largest grant to MemoryCare Inc in 2024 exceeds $90 thousand.
What is MemoryCare Inc’s reliance on government grants?
MemoryCare Inc relied on government grants for less than 5% of their total revenue in 2024.