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), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Volunteers of America Inc reported income of $416k and spending of $658k, spending 158% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $392k to $416k (+6.2%), an average of +1.5% a year. The sharpest change came in the year to September 2023, when income rose by 23%. Over the whole period it spent 144% 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 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within VA. Charities of a similar size with the same main cause include Beaver Area Heritage Foundation ($416k), St Rose Corporation ($416k) and Dallas Area Parkinson Society ($416k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $121k. At year end it held assets of $3.1m against liabilities of $375k, 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.