Memorycare

Health · Asheville, North Carolina

100 Far Horizons Ln, Asheville, NC 28803-2046

EIN: 562178294· Founded: Apr 2000· 26 years active· Filing Year: 2023

Annual Revenue

$3.2M

Total Expenses

$2.5M

Total Assets

$15.7M

Program Spending

43%

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

$335K

13.2% of total expenses

All officers, directors, and key employees combined

Other Salaries & Wages

$1.4M

Total Payroll

$1.7M

69% of total expenses

Where the Money Goes

43%

Programs: 43%

Payroll: 69%

Other overhead: 57%

Program Revenue$1.1M (34%)

Total Expenses$2.5M (80%)

Payroll$1.7M (69%)

Overhead (non-program)57%

Trust Score Breakdown

Program Spending Ratio

43% of expenses go to programs

40%

Revenue & Stability

$3.2M annual revenue

15%

Executive Compensation

$335K total officer comp (13.2% of expenses)

20%

Filing Recency

Most recent filing: 2023

15%

Asset Strength

$15.7M in assets

10%

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Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.