Insight Memory Care Center

Analysis

Insight Memory Care Center is a registered charity in United States, based in Fairfax, VA. It received its IRS tax-exemption ruling in November 1984, 42 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Insight Memory Care Center reported income of $3.5m and spending of $3.4m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $3.5m (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Insight Memory Care Center sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within VA. Charities of a similar size with the same main cause include Chico Feminist Womens Health Center ($3.5m), L Arche St Louis ($3.5m) and Teen Challenge International Inc ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $176k (5.1% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $4.5m against liabilities of $1.6m, net assets of $2.8m. It reported 59 employees.