Memorycare
Asheville, North Carolina
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Very Good
How This Organization Compares
Compared to 2 peers in Health Care with $1M-$10M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $3,173,181↑3% | $2,540,724↑4% | $15,689,996↑12% | |
| 2022 | $3,073,049↓11% | $2,437,381↑10% | $13,991,458↓7% | — |
| 2021 | $3,451,184↓6% | $2,218,981↑5% | $14,980,122↑14% | — |
| 2020 | $3,661,833↑49% | $2,112,798↑18% | $13,114,913↑19% | — |
| 2019 | $2,459,138↑2% | $1,789,464↑13% | $10,992,403↑14% | — |
| 2018 | $2,420,673↓14% | $1,588,816↑6% | $9,639,747↑6% | — |
| 2017 | $2,814,759↑5% | $1,500,073↑6% | $9,123,209↑25% | — |
| 2016 | $2,692,174↑82% | $1,414,866 | $7,284,953↑24% | — |
| 2015 | $1,477,730↓2% | $1,418,735↑16% | $5,859,614 | — |
| 2014 | $1,503,763↓7% | $1,221,948↓1% | $5,885,733↑6% | — |
| 2013 | $1,611,108↓13% | $1,229,785↑9% | $5,541,518↑6% | — |
| 2012 | $1,860,105↑66% | $1,123,797↑11% | $5,224,402↑24% | — |
| 2011 | $1,121,233 | $1,013,515 | $4,222,761 | — |
Frequently Asked Questions
What does Memorycare do?▼
Memorycare is a health care nonprofit organization based in North Carolina. It is classified under NTEE code E32 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Memorycare financially healthy?▼
Based on our 9-metric Financial Health Score model, Memorycare has a score of 77/100 (Grade: A-). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Memorycare generate?▼
Memorycare reports $4.1M in annual revenue and holds $18.3M in total assets, based on IRS filings.
Similar Organizations
Explore more organizations in the Health Care category, or browse all nonprofits in North Carolina.