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 $567k and spending of $477k, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $741k to $567k (-23%), an average of -6.5% a year. The sharpest change came in the year to June 2022, when income dropped by 31%. Over the whole period it spent 89% 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 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MN. Charities of a similar size with the same main cause include Chance for Hope Foundation ($567k), National Church Residences of Central Pennsylvania ($567k) and Lawrenceville Handicapped Housing Inc ($567k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Other salaries and wages came to $150k. At year end it held assets of $305k against liabilities of $1.4m, net assets of -$1.1m. It reported 8 employees.