Modacares Foundation Inc

Analysis

Modacares Foundation Inc is a registered charity in United States, based in Bayside, NY. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 December 2023, Modacares Foundation Inc reported income of $246k and spending of $256k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $249k to $246k (-1.4%), an average of -1.4% a year. Over the whole period it spent 102% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Modacares Foundation Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Film School Africa Inc ($246k), Equip Mozambique ($246k) and Create Good Foundation ($246k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $276 against liabilities of $0, net assets of $276.