Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Mobile, AL. 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 $94k and spending of $142k, spending 151% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $88k to $94k (+7.6%), an average of +1.9% a year. The sharpest change came in the year to June 2024, when income rose by 15%. Over the whole period it spent 151% 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 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within AL. Charities of a similar size with the same main cause include PTA New Mexico Congress ($94k), McCall Folklore Society Inc ($94k) and Ata-Bexar County Line Volunteer Fire Department Inc ($94k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $9,872. At year end it held assets of $1.4m against liabilities of $115k, net assets of $1.3m.

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.