Visk Inc

Analysis

Visk Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in May 1988, 38 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Visk Inc reported income of $369k and spending of $0, leaving 100% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $536k to $369k (-31%), an average of -8.9% a year. The sharpest change came in the year to December 2020, when income dropped by 29%. Over the whole period it spent 0.0% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Visk Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Npa Foundation ($369k), Carrusel En LA Sebastiana Corp ($369k) and Mesothelioma Research Foundation of America ($369k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $3.8m against liabilities of $301k, net assets of $3.5m.