Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Lansing, 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 $304k and spending of $370k, spending 122% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $259k to $304k (+17%), an average of +4.1% a year. The sharpest change came in the year to June 2024, when income rose by 16%. Over the whole period it spent 135% 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 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within MI. Charities of a similar size with the same main cause include St Paul Christian Learning Center ($303k), Louisiana Landmarks Society Inc ($304k) and Homeless Not Hopeless Inc ($303k).

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 $64k. At year end it held assets of $3.0m against liabilities of $376k, net assets of $2.6m.

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.