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 $38.9m and spending of $35.9m, spending 92% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $12.2m to $38.9m (+218%), an average of +34% a year. The sharpest change came in the year to June 2021, when income rose by 363%. Over the whole period it spent 55% 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 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within VA. Charities of a similar size with the same main cause include Concordia College at Bronxville ($38.9m), Chattanooga C a R E S Inc ($38.9m) and Adventhealth University Inc ($38.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 79% of the total. At year end it held assets of $209.9m against liabilities of $6.7m, net assets of $203.2m.