Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in May 1965, 61 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 $862k and spending of $910k, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $818k to $862k (+5.4%), an average of +1.3% a year. The sharpest change came in the year to June 2022, when income rose by 66%. Over the whole period it spent 90% 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 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include University of Maine Student Government Inc ($862k), Council of Darien School Parents ($862k) and Rothman Institute Orthopaedic Foundation ($862k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 5.2% of the total. Compensation of current officers, directors and key employees was $80k (8.8% of expenses). Other salaries and wages came to $357k. At year end it held assets of $1.2m against liabilities of $453k, net assets of $711k.