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 $63k and spending of $112k, spending 177% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $52k to $63k (+20%), an average of +3.8% a year. The sharpest change came in the year to June 2021, when income rose by 65%. Over the whole period it spent 148% 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 23rd percentile within AL. Charities of a similar size with the same main cause include Compassionate Ministries Network Inc ($63k), Gwinnett Room Inc ($63k) and Mobile Infirmary Professional and Comprehensive General Liability Se ($63k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 98% of the total. Other salaries and wages came to $5,331. At year end it held assets of $919k against liabilities of $62k, net assets of $856k.

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.