Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Pontiac, MI. 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 $420k and spending of $609k, spending 145% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $398k to $420k (+5.5%), an average of +1.4% a year. Over the whole period it spent 136% 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 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within MI. Charities of a similar size with the same main cause include Newton Historical Society Inc ($420k), Living-Dying Project ($420k) and People of Hope a New Jersey Non Profit Corporation ($420k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $113k. At year end it held assets of $2.8m against liabilities of $526k, net assets of $2.2m.

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.