Memory Care Home Solutions

Analysis

Memory Care Home Solutions is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in December 2002, 24 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Memory Care Home Solutions reported income of $1.3m and spending of $1.4m, spending 106% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income fell from $1.7m to $1.3m (-22%), an average of -7.9% a year. The sharpest change came in the year to May 2023, when income dropped by 17%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Memory Care Home Solutions sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within MO. Charities of a similar size with the same main cause include Lifestriders Inc ($1.3m), Resilient Georgia Inc ($1.3m) and Stronghold a Culturally Responsive Peer Support Program ($1.3m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 95% and program service revenue 5.6% of the total. Compensation of current officers, directors and key employees was $221k (16% of expenses). Other salaries and wages came to $647k. It paid $21k in professional fundraising fees. At year end it held assets of $2.6m against liabilities of $72k, net assets of $2.5m. It reported 19 employees.