Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Eden Prairie, MN. 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 2023, Volunteers of America Inc reported income of $4.0m and spending of $3.5m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.4m to $4.0m (+17%), an average of +4.1% a year. Over the whole period it spent 93% 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 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MN. Charities of a similar size with the same main cause include Sapphire Lutheran Homes Inc ($4.0m), Bay de Noc Community College Foundation ($4.0m) and Special Olympics Oregon Inc ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Other salaries and wages came to $2.1m. At year end it held assets of $1.5m against liabilities of $279k, net assets of $1.2m. It reported 45 employees.