Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Brunswick, ME. 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 $347k and spending of $449k, spending 129% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $302k to $347k (+15%), an average of +2.9% a year. Over the whole period it spent 130% 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 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 59th percentile within ME. Charities of a similar size with the same main cause include Feminists for Life of America ($347k), Windsor Historical Society of Windsor Conn Inc ($347k) and St Josephs House of Hospitality of Rochester N Y Federal Station ($347k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $2.8m against liabilities of $53k, net assets of $2.8m.

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.