Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Alexandria, VA. 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 2024, Volunteers of America Inc reported income of $166k and spending of $220k, spending 132% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $144k to $166k (+15%), an average of +3.7% a year. The sharpest change came in the year to June 2024, when income rose by 19%. Over the whole period it spent 147% 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 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 49th percentile within VA. Charities of a similar size with the same main cause include Fields 4 Valor Farms Inc ($166k), The Gala Pride and Diversity Center ($166k) and Education Foundation of Bloomington ($166k).

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 $16k. At year end it held assets of $2.2m against liabilities of $1.0m, net assets of $1.2m.

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.