Vizavance Inc

Analysis

Vizavance Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in October 2016, 10 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 2024, Vizavance Inc reported income of $1.6m and spending of $849k, leaving 47% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $851k to $1.6m (+90%), an average of +14% a year. The sharpest change came in the year to June 2024, when income rose by 85%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Vizavance Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within OK. Charities of a similar size with the same main cause include Serve and Connect ($1.6m), Evangeline Council on the Aging Inc ($1.6m) and Old Concho Community Assistance Center ($1.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 56% and program service revenue 6.1% of the total. Compensation of current officers, directors and key employees was $96k (11% of expenses). Other salaries and wages came to $344k. At year end it held assets of $5.2m against liabilities of $189k, net assets of $5.0m. It reported 32 employees.