Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Brunswick, ME. 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 $289k and spending of $383k, spending 133% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $242k to $289k (+20%), an average of +3.6% a year. Over the whole period it spent 141% 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 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 56th percentile within ME. Charities of a similar size with the same main cause include Wescosville Volunteer Firemans Relief Association ($289k), Ridgeway District Rescue Squad Inc ($289k) and Little League Baseball Inc ($289k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $3.9m against liabilities of $45k, net assets of $3.9m.

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.