Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in May 1965, 61 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Volunteers of America Inc reported income of $660k and spending of $751k, spending 114% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $574k to $660k (+15%), an average of +3.5% a year. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Volunteers of America Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within VA. Charities of a similar size with the same main cause include Midland County Food Assistance Netw Ork ($660k), National Arab Orchestra ($660k) and Development Corporation of Columbia Heights Inc ($660k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 96% of the total. At year end it held assets of $3.8m against liabilities of $175k, net assets of $3.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.