Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Rochester, NY. 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 2023, Volunteers of America Inc reported income of $11.7m and spending of $11.6m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.1m to $11.7m (+16%), an average of +3.8% a year. 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 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include National Center for Public Policy Research Inc ($11.7m), Elk Hill Farm Inc ($11.7m) and Sunrise Childrens Foundation ($11.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $265k (2.3% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $15.9m against liabilities of $10.6m, net assets of $5.3m. It reported 185 employees.