Modus Inc

Analysis

Modus Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Modus Inc reported income of $689k and spending of $649k, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $346k to $689k (+100%), an average of +26% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Modus Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within OK. Charities of a similar size with the same main cause include Self Advocates United As 1 ($689k), The Hope Buss Inc ($689k) and North Country Food Alliance ($689k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $79k (12% of expenses). Other salaries and wages came to $257k. At year end it held assets of $119k against liabilities of $0, net assets of $119k. It reported 12 employees.