Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Southfield, MI. 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 $91k and spending of $118k, spending 130% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $87k to $91k (+4.6%), an average of +1.1% a year. Over the whole period it spent 133% 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 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within MI. Charities of a similar size with the same main cause include Early American Steam Engine & Old Equipment Society ($91k), Hood River Lions Club Foundation Trust ($91k) and Sholem Educational Institute ($91k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $16k. At year end it held assets of $952k against liabilities of $9,155, net assets of $942k.

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.