Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Lanham, MD. It received its IRS tax-exemption ruling in June 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 $259k and spending of $317k, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $221k to $259k (+18%), an average of +4.1% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 139% 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 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within MD. Charities of a similar size with the same main cause include El Rodeo Elementary PTA ($259k), Area Community Theater Inc ($259k) and Boys and Girls Club of San Benito Inc ($259k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.1% and program service revenue 91% of the total. Other salaries and wages came to $20k. At year end it held assets of $2.0m against liabilities of $3.3m, 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.