Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in New Orleans, LA. 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 $4.1m and spending of $2.5m, leaving 39% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $6.5m to $4.1m (-38%), an average of -15% a year. The sharpest change came in the year to June 2022, when income dropped by 51%. Over the whole period it spent 105% 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 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within LA. Charities of a similar size with the same main cause include St Annes Mead ($4.1m), Lawrence County Economic Development Corporation ($4.1m) and Early Care and Learning Council ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 83% of the total. At year end it held assets of $32.4m against liabilities of $3.4m, net assets of $29.0m.