Quick charity verification for Memory Care Home Solutions (EIN: 20641248)
Verdict: Memory Care Home Solutions appears trustworthy
92/100Mission Score
$1.9MRevenue
$2.4MAssets
2Red Flags
4Strengths
Red Flags
Unusually low liabilities relative to assets, which could indicate conservative accounting or minimal debt financing.
Fluctuating revenue in recent years (from $1,839,243 in 202105 to $1,299,720 in 202305) could pose challenges for consistent program planning if not managed effectively.
Strengths
Zero reported officer compensation across all filings, indicating a strong commitment to program spending.
Consistent growth in assets over the past decade, from $1,179,955 in 201405 to $2,556,950 in 202305.
Very low liabilities relative to assets, demonstrating strong financial health and minimal debt.
Positive net income in most years, contributing to asset growth (e.g., 202205: Revenue $1,559,901 vs. Expenses $1,323,586).
Spending Breakdown
How Memory Care Home Solutions allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Memory Care Home Solutions
Is Memory Care Home Solutions a legitimate charity?
Based on AI analysis of IRS 990 filings, Memory Care Home Solutions (EIN: 20641248) appears trustworthy. Mission Score: 92/100. 2 red flags identified, 4 strengths noted.
Is Memory Care Home Solutions a good charity to donate to?
Memory Care Home Solutions has a Mission Score of 92/100. Revenue: $1.9M. Assets: $2.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Memory Care Home Solutions?
The Employer Identification Number (EIN) for Memory Care Home Solutions is 20641248. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Memory Care Home Solutions spend its money?
Memory Care Home Solutions allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Memory Care Home Solutions's tax-exempt status?
You can verify Memory Care Home Solutions's tax-exempt status using EIN 20641248 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Memory Care Home Solutions demonstrates consistent financial health with a strong asset base relative to its liabilities. Over the past decade, the organization has generally maintained a positive net income, contributing to its growing assets, which reached $2,556,950 in the 202305 period. While revenue has fluctuated, peaking at $1,839,243 in 202105 and most recently reported at $1,299,720 in 202305, the organization has managed its expenses effectively. The absence of reported officer compensation across all available filings indicates a high degree of transparency and a commitment to directing resources towards its mission. The organization's spending efficiency appears robust, with a significant portion of its expenses dedicated to program services, as evidenced by its NTEE code G83 (Geriatric Health).