Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Cape Coral, FL. 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 $1.1m and spending of $795k, leaving 26% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.6m to $1.1m (-32%), an average of -9.1% a year. The sharpest change came in the year to June 2023, when income dropped by 24%. Over the whole period it spent 70% 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 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Ridge Residences Inc ($1.1m), Boy Scouts of America ($1.1m) and Partnerships for Change ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 89% of the total. Other salaries and wages came to $676k. At year end it held assets of $5.4m against liabilities of $0, net assets of $5.4m. It reported 20 employees.