Volunteers of America Care Facilities

Analysis

Volunteers of America Care Facilities is a registered charity in United States, based in Eden Prairie, MN. It received its IRS tax-exemption ruling in August 1975, 51 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Care Facilities reported income of $41.2m and spending of $40.3m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $53.3m to $41.2m (-23%), an average of -6.2% a year. The sharpest change came in the year to June 2021, when income dropped by 25%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Volunteers of America Care Facilities sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within MN. Charities of a similar size with the same main cause include Nysarc Inc ($41.1m), Carleton Willard Homes Inc ($41.2m) and Senior Connection Center Inc ($41.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 81% of the total. Other salaries and wages came to $22.1m. At year end it held assets of $26.7m against liabilities of $14.1m, net assets of $12.6m. It reported 564 employees.