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 $179k and spending of $267k, spending 149% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $177k to $179k (+1.1%), an average of +0.3% a year. The sharpest change came in the year to June 2023, when income rose by 28%. 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 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 52nd percentile within AL. Charities of a similar size with the same main cause include Niobrara County Library Foundation Inc ($179k), The Islamic Society of Monterey County ($179k) and Kreider Alliance ($179k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 94% of the total. Other salaries and wages came to $25k. At year end it held assets of $2.1m against liabilities of $3.5m, net assets of -$1.3m.

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.