Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Mobile, AL. 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 $298k and spending of $385k, spending 129% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $245k to $298k (+22%), an average of +5.0% a year. The sharpest change came in the year to June 2024, when income rose by 15%. Over the whole period it spent 131% 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 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within AL. Charities of a similar size with the same main cause include Big Impact Group of Schuylkill County Inc ($298k), Brewins Youth Hockey Association Inc ($298k) and Taiwanese Association of America ($298k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $16k. At year end it held assets of $2.9m against liabilities of $300k, net assets of $2.6m.

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.