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 $707k and spending of $837k, spending 118% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $807k to $707k (-12%), an average of -3.3% a year. The sharpest change came in the year to June 2021, when income dropped by 20%. Over the whole period it spent 114% 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 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within VA. Charities of a similar size with the same main cause include Senior Housing Development Corp of Gloucester County ($707k), Leadership Council San Mateo County ($707k) and Team Elmhurst Soccer Club ($707k).

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 $124k. At year end it held assets of $5.7m against liabilities of $162k, net assets of $5.6m.

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.