Modern Guidance Services Inc

Analysis

Modern Guidance Services Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Modern Guidance Services Inc reported income of $537k and spending of $686k, spending 128% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $557k to $537k (-3.6%), an average of -0.7% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Modern Guidance Services Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Churches in Missions Inc ($537k), One by One Foundation ($538k) and Growing a New Heart Inc ($537k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $118k (17% of expenses). Other salaries and wages came to $245k. At year end it held assets of $442k against liabilities of $690k, net assets of -$248k. It reported 16 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.