Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Brunswick, ME. 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 $262k and spending of $301k, spending 115% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $191k to $262k (+37%), an average of +6.6% a year. The sharpest change came in the year to June 2020, when income rose by 32%. Over the whole period it spent 117% 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 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 53rd percentile within ME. Charities of a similar size with the same main cause include Midland Volunteers for Recycling Inc ($262k), Educatio Rad School ($262k) and Boy Scouts of America ($262k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.4% and program service revenue 100% of the total. At year end it held assets of $1.2m against liabilities of $782k, net assets of $406k.

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.