Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Euless, TX. 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 $221k and spending of $289k, spending 131% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $171k to $221k (+29%), an average of +6.7% a year. The sharpest change came in the year to June 2024, when income rose by 23%. Over the whole period it spent 128% 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 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within TX. Charities of a similar size with the same main cause include Gem Community Citizens Projects Group Inc ($221k), Cobb Center Inc ($221k) and Cri Inc ($221k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 90% of the total. Other salaries and wages came to $48k. At year end it held assets of $1.3m against liabilities of $54k, net assets of $1.2m.

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.