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. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 $850k and spending of $871k, spending 102% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $667k to $850k (+28%), an average of +6.3% a year. The sharpest change came in the year to June 2024, when income rose by 23%. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Volunteers of America Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within VA. Charities of a similar size with the same main cause include Gha Community Development Corporation ($850k), Louis & Scholar Nwoke Foundation Inc ($850k) and Operation Hope North County Inc ($850k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $58k. At year end it held assets of $3.7m against liabilities of $2.3m, net assets of $1.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.