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 2024, Volunteers of America Inc reported income of $67k and spending of $69k, spending 103% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $815k to $67k (-92%), an average of -47% a year. The sharpest change came in the year to June 2021, when income dropped by 94%. Over the whole period it spent 52% 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 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 25th percentile within VA. Charities of a similar size with the same main cause include St Basil Education Endowment ($67k), Housing Foundation ($67k) and Indiana Youth Soccer Association ($67k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 98% of the total. Other salaries and wages came to $16k. At year end it held assets of $79k against liabilities of $67k, net assets of $11k.