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 $467k and spending of $495k, spending 106% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $361k to $467k (+29%), an average of +6.6% a year. Over the whole period it spent 119% 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 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within VA. Charities of a similar size with the same main cause include Music Studio of Westchester Inc ($467k), Home Builders Care Foundation Inc ($467k) and Mid America All Indian Center Inc ($466k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 83% of the total. Other salaries and wages came to $86k. At year end it held assets of $5.4m against liabilities of $69k, net assets of $5.3m.

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.