Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Alexandria, VA. 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).

In the financial year ending June 2024, Volunteers of America Inc reported income of $395k and spending of $453k, spending 115% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $331k to $395k (+19%), an average of +3.6% a year. Over the whole period it spent 122% 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 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within VA. Charities of a similar size with the same main cause include The Licia & Mason Beekley Community Library Inc ($395k), Gateway Freedom Ranch ($395k) and Southeastern Utah Society of Arts and Science Inc Dan Olaurie Museum ($395k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 97% of the total. Other salaries and wages came to $74k. At year end it held assets of $3.8m against liabilities of $1.2m, net assets of $2.7m.

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.