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 $25.5m and spending of $25.2m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $24.0m to $25.5m (+6.1%), an average of +1.5% a year. Over the whole period it spent 98% 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 98th percentile, and in the 98th percentile within MN. Charities of a similar size with the same main cause include Catholic Charities of California ($25.4m), Doheny Eye Institute ($25.5m) and Hospice of the Piedmont Inc ($25.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.3% and program service revenue 93% of the total. Other salaries and wages came to $10.2m. At year end it held assets of $53.1m against liabilities of $58.7m, net assets of -$5.6m. It reported 239 employees.