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 $21.2m and spending of $20.2m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.3m to $21.2m (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 95% 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 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MN. Charities of a similar size with the same main cause include Mid-Erie Mental Health Services Inc ($21.2m), Housing Visions Unlimited Inc ($21.2m) and Alternative Schools Network ($21.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $3.2m. At year end it held assets of $4.4m against liabilities of $10.8m, net assets of -$6.3m. It reported 67 employees.