Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Chicago, IL. 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 $13.2m and spending of $12.9m, spending 98% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $11.3m to $13.2m (+17%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 17%. 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 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IL. Charities of a similar size with the same main cause include Washington County Opportunities Inc ($13.2m), Center for Family Resources Inc ($13.2m) and NDC Housing and Economic Development Corporation ($13.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $294k (2.3% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $16.6m against liabilities of $4.3m, net assets of $12.3m. It reported 174 employees.