Viable Options Inc

Analysis

Viable Options Inc is a registered charity in United States, based in Canton, NY. It received its IRS tax-exemption ruling in May 2011, 15 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, Viable Options Inc reported income of $55k and spending of $101k, spending 185% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $80k to $55k (-32%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 147% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Viable Options Inc sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within NY. Charities of a similar size with the same main cause include Cognitive Computational Neuroscience Corporation ($55k), American Academy of Neurological & Orthopaedic Surgery ($55k) and Lions Cancer Control Fund of Indiana Inc ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $7,011 against liabilities of $20k, net assets of -$13k.