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 June 2023, Volunteers of America Inc reported income of $191k and spending of $483k, spending 253% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $116k to $191k (+65%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 513%. Over the whole period it spent 90% 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 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within VA. Charities of a similar size with the same main cause include Biophysical Economics Institute Inc ($191k), Audrain County Historical Society ($191k) and PTA California Congress of Parents Teachers & Students Inc ($191k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $2.6m against liabilities of $824k, net assets of $1.8m.