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 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 $599k and spending of $582k, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $380k to $599k (+58%), an average of +12% a year. The sharpest change came in the year to June 2024, when income rose by 64%. Over the whole period it spent 125% 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 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within VA. Charities of a similar size with the same main cause include Wahoo Community Foundation ($599k), Wilderstein Preservation ($599k) and Cleveland Modern Dance Association ($599k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 98% of the total. Other salaries and wages came to $95k. At year end it held assets of $3.2m against liabilities of $281k, net assets of $2.9m.