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 $56k and spending of $89k, spending 160% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $43k to $56k (+31%), an average of +5.5% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 158% 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 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within AL. Charities of a similar size with the same main cause include Pendleton Swim Association Inc ($55k), Indian River County Foundation for Elderly ($56k) and PTA California Congress of Parents Teachers & Students Inc ($55k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 97% of the total. Other salaries and wages came to $3,547. At year end it held assets of $791k against liabilities of $29k, net assets of $762k.

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.