Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Cape Coral, FL. 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 $1.1m and spending of $747k, leaving 31% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $1.1m (-12%), an average of -3.3% a year. Over the whole period it spent 72% 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 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Upper Canada College Foundation ($1.1m), Strategic Solutions for Families Inc ($1.1m) and Montclair Hockey Club Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $718k. At year end it held assets of $3.6m against liabilities of $7,918, net assets of $3.6m. It reported 39 employees.