Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in October 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 $130k and spending of $183k, spending 140% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $127k to $130k (+2.9%), an average of +0.7% a year. Over the whole period it spent 127% 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 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 47th percentile within FL. Charities of a similar size with the same main cause include Thomas D Clark Foundation Inc ($130k), Uslimpact Inc ($130k) and Nebraska Czechs of Wilber ($130k).

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 $25k. At year end it held assets of $1.4m against liabilities of $118k, net assets of $1.3m.

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.