Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Edina, MN. 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 $3.1m and spending of $2.1m, leaving 33% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.8m to $3.1m (-35%), an average of -10% a year. The sharpest change came in the year to June 2023, when income dropped by 32%. Over the whole period it spent 92% 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 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MN. Charities of a similar size with the same main cause include Delaware Center for Homeless Veterans Inc ($3.1m), Kartemquin Educational Films ($3.1m) and Servants of the Word Inc ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 68% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $676k against liabilities of $26k, net assets of $649k. It reported 112 employees.