Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Eden Prairie, MN. 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 $33.9m and spending of $33.7m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $30.5m to $33.9m (+11%), an average of +2.7% a year. Over the whole period it spent 100% 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 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MN. Charities of a similar size with the same main cause include Child and Family Service ($33.8m), Meridian Hospice ($33.9m) and Mid-America Christian University ($33.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Other salaries and wages came to $7.6m. At year end it held assets of $9.1m against liabilities of $4.7m, net assets of $4.4m. It reported 182 employees.