Modest Needs Foundation
Modest Needs Foundation
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About this organization
Mission
Founded in 2002, Modest Needs is a non-profit organization with a unique, threefold mission. Modest Needs exists: 1. To responsibly provide short-term financial assistance to individuals and families in temporary crisis who, because they are working and live just above the poverty level, are ineligible for most types of conventional social assistance but who (like many of us) are living one or two lost paychecks away from the kind of financial catastrophe that eventually leads to homelessness; 2. To lessen the burden of state and federal agencies charged with the care of the truly indigent by doing everything in our power to stop these at-risk households from slipping into the cycle of poverty, despite the burden posed by an unanticipated, emergency expense; and 3. To promote compassion and generosity on the part of individual persons living in the United States and Canada, the areas that we serve, by standing as a living testament to the power of human kindness to change lives, no matter how much (or how little) a person has to share.
About
Modest Needs is a tax-exempt charity that makes small grants to low-income workers who've encountered a short-term financial emergency; who're at risk of slipping into homelessness (and the long-term cycle of poverty) if that financial emergency is not immediately addressed; and for for whom no other source of immediate help is available.
Interesting data from their 2019 990 filing
The filing reveals the mission of the non-profit as “Modest needs foundation provides assistance to individuals and families who encounter temporary financial crises through no immediate fault of their own, thereby bolstering the self-sufficiency of our clients - america's "working poor" - while lessening the burden of state and federal agencies charged with the care of the truly indigent.”.
When detailing its functions, they were listed as: “Modest needs exists to prevent otherwise self-sufficient individuals and families from entering the cycle of poverty by helping these persons to shoulder the burden of a short-term, emergency expense. in this way, modest needs promotes the self-sufficiency of the working poor while simultaneously lessening the burden of state and federal agencies charged with the care of the truly indigent.”.
- According to the law, the state where the non-profit operates has been reported as DE.
- The filing specifies that the non-profit's address in 2019 was 120 E 23 St FL 5, New York, NY, 10010.
- As of 2019, the non-profit's form shows they have a total of 3 employees.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is between $500,000 and $1,000,000+.
- Revenue less expenses is $2,327.
- The organization has 5 independent voting members.
- The organization was formed in 2002.
- The organization pays $264,706 in salary, compensation, and benefits to its employees.
- The organization pays $38,663 in fundraising expenses.
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