Viability Inc

Analysis

Viability Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in March 1976, 50 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Viability Inc reported income of $38.4m and spending of $32.1m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $33.5m to $38.4m (+15%), an average of +3.5% a year. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Viability Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Central Texas Workforce Development Board Inc ($38.2m), Abilities First Inc ($38.4m) and Northwest Indiana Community Action Corp ($38.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $823k (2.6% of expenses). Other salaries and wages came to $17.3m. At year end it held assets of $45.4m against liabilities of $8.0m, net assets of $37.3m. It reported 887 employees.