Operating record

Memorycare

Asheville, NC · EIN 56-2178294 · files full Form 990 · latest public year 2023

YearMoney inMoney outResultReserve mo.Staffing
2020$3,661,833$2,112,798$1,549,03573.265%
2021$3,451,184$2,218,981$1,232,20379.567%
2022$3,073,049$2,437,381$635,66867.767%
2023$3,173,181$2,540,724$632,45772.669%

In its most recent public year (2023), this organization brought in $632,457 more than it spent. Its reserves stood at about 72.6 months of spending. Staff pay was 69% of spending. $307,847 of its net assets are donor-restricted.

Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings ↗