Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Eden Prairie, MN. 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 $116k and spending of $5.9m, spending 5041% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $178k to $116k (-34%), an average of -10% a year. The sharpest change came in the year to June 2023, when income rose by 1128%. Over the whole period it spent 1294% 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 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 38th percentile within MN. Charities of a similar size with the same main cause include GB Lindsey Family Charitable Fund ($116k), Childrens Montessori School of Lompoc Inc ($116k) and Alpine Artisans Inc ($116k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% of the total. At year end it held assets of $12.4m against liabilities of $124k, net assets of $12.3m.

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.