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 $219k and spending of $190k, spending 87% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $167k to $219k (+32%), an average of +32% a year. The sharpest change came in the year to June 2024, when income rose by 32%. Over the whole period it spent 99% 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 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within VA. Charities of a similar size with the same main cause include Eternal Rock Christian Church Inc ($219k), Foundation for Pierce College ($219k) and PTA California Congress of Parents Teachers & Students Inc ($219k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 97% of the total. Other salaries and wages came to $32k. At year end it held assets of $354k against liabilities of $427k, net assets of -$73k.