Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Euless, TX. 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 $63k and spending of $80k, spending 127% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $53k to $63k (+18%), an average of +18% a year. The sharpest change came in the year to June 2024, when income rose by 18%. Over the whole period it spent 134% 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 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within TX. Charities of a similar size with the same main cause include Washington County Juniors Volleyball ($63k), Marthas Vineyard Sexual Wellness Inc ($63k) and Central Perry Volunteer Fire Department Inc ($63k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $305k against liabilities of $58k, net assets of $247k.