North Carolina · Nonprofit
MemoryCare Inc
MemoryCare Inc (North Carolina) receives grants from 46 organizations whose IRS filings report $3,142,778 to it, the largest being THE COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA INC ($596,506). 29 of them have funded it in more than one year.
- Revenue FY2025
- $4.1M
- Funders on record
- 46
- Grants received
- $3.1M
- Net assets
- $18M
What MemoryCare Inc does
Mission
MemoryCares mission is three-fold: to provide specialized medical care to older adults with cognitive impairment; to support caregivers with education, counseling, and improved access to services; and to provide community education.
As stated on its FY2025 Form 990.
Programs
MemoryCare provides community-based outpatient services using an integrated model of care for people with dementia and that includes families throughout their care. For 25 years we have provided the highest quality care using a model that integrates family support and structured education with the most current and best practice medical care of adults with dementia. . In 2025, our clinical teams provided comprehensive services to 1,251 patients and 3,578 caregivers throughout our core clinical program. Services were provided at our main clinic site in Asheville, NC and at our satellite clinic in Waynesville, and through our home visit program.
$2,785,316 spentof which $174,233 as grants$1,615,535 earned by the program100% of program spendingOur educational programming is designed to offer information about dementia and dementia related topics, caregiving, and aging-related health issues. We also strive to teach professional health students and providers on these topics to better equip our healthcare workforce with knowledge related to dementia and supporting caregivers. In 2025 MemoryCare facilitated 119 educational programs and presentations reaching 1,856 individuals.
Our caregiver support services include peer support groups offered weekly in a virtual setting. In 2025 MemoryCare increased the offering of these services by adding a weekly evening support group to further opportunities for caregivers to connect with their peers. Using an electronic newsletter to provide relevant information and dementia specific content provided success with connecting to 5,099 readers. These opportunities for connection and education help MemoryCare build resilience in our caregivers.
The 3 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $2,785,316.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $11M to $13M (+19%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2022 4% · 2023 2% · 2024 2% · 2025 1%. Grants only. Government contracts and fees sit inside program revenue.
31% of MemoryCare Inc’s revenue is contributions — about as donation-reliant as the typical peer (51% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Christine Gulden MHP
Executive Director
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 7 funders to 20 funders, grant income rose $131k → $399k.
14 of 46 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 36% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of MemoryCare Inc’s funders (the co-funder graph). Top 30 of 46 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
MemoryCare Inc has a broad base — no single funder exceeds 19% of grant income, and it takes 5 funders to reach half.
the vertical line marks half of all grant income — 5 funders to its left
64% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund MemoryCare Inc.
Largest funder’s share by year: 2017 42% · 2018 30% · 2019 63% · 2020 32% · 2021 29% · 2022 48% · 2023 25% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
48% of MemoryCare Inc's funders are still giving 3 years after their first grant; 63% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
87% of MemoryCare Inc's grant income comes from North Carolina funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $1.1M arriving through sponsors registered in 10 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
MemoryCare Inc runs a healthier operating margin than three-quarters of the 5,002 health nonprofits its size.
this organization peer median middle 50% of peers· 5,002 health nonprofits $1M–$10M, FY2025
Organizations like MemoryCare Inc
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In North Carolina
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
86% of spending goes to programs.
Governance
Public support
76%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for MemoryCare Inc: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds MemoryCare Inc?
- MemoryCare Inc (North Carolina) receives grants from 46 organizations whose IRS filings report $3,142,778 to it, the largest being THE COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA INC ($596,506). 29 of them have funded it in more than one year.
- How many funders does MemoryCare Inc have?
- IRS filings report 46 organizations giving $3,142,778 in grants to MemoryCare Inc, 29 of which have funded it in more than one year.
- Who is the largest funder of MemoryCare Inc?
- THE COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA INC is the largest funder on record, with $596,506 in grants. The full list of funders is on this page.
- How can an organization like MemoryCare Inc find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds MemoryCare →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 46 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing