Volunters of America Inc

Analysis

Volunters of America Inc is a registered charity in United States, based in St Petersburg, FL. 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, Volunters of America Inc reported income of $769k and spending of $786k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $573k to $769k (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2023, when income rose by 15%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Volunters of America Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include Allen Volunteer Fire Department Inc ($768k), Private Citizen ($769k) and Helping Hand Clinic Inc ($768k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Other salaries and wages came to $244k. At year end it held assets of $2.5m against liabilities of $3.2m, net assets of -$663k.