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 $565k and spending of $754k, spending 134% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $404k to $565k (+40%), an average of +8.7% a year. The sharpest change came in the year to June 2023, when income rose by 83%. 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 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Human Anatomy and Physiology Society Inc ($564k), Adult Reading Center Inc ($565k) and Mt Lebanon Blue Devil Club Inc ($564k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $120k. At year end it held assets of $4.1m against liabilities of $380k, net assets of $3.7m.