Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Brunswick, ME. 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 $70k and spending of $82k, spending 118% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $67k to $70k (+4.5%), an average of +0.9% a year. The sharpest change came in the year to June 2021, when income rose by 142%. Over the whole period it spent 98% 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 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 20th percentile within ME. Charities of a similar size with the same main cause include Groff Family Memorial Trust ($70k), Fort Vallonia Days Association Inc ($70k) and The G Harold Antrim Elementary School Parent Teacher Organization ($70k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $557k against liabilities of $69k, net assets of $489k.

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.