Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Jamaica Plain, MA. It received its IRS tax-exemption ruling in May 1965, 61 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 $10.0m and spending of $10.0m, spending 100% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $7.5m to $10.0m (+34%), an average of +6.0% a year. The sharpest change came in the year to June 2024, when income rose by 29%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Volunteers of America Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Hale Kipa Inc ($10.0m), FH Canada ($10.0m) and Connections Individual and Family Services Inc ($10.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 4.9% and program service revenue 94% of the total. Other salaries and wages came to $3.1m. At year end it held assets of $29.2m against liabilities of $31.7m, net assets of -$2.4m. It reported 82 employees.

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.