Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Minneapolis, 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 $32.2m and spending of $35.0m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $39.8m to $32.2m (-19%), an average of -5.2% a year. Over the whole period it spent 100% 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 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MN. Charities of a similar size with the same main cause include Bentley School ($32.2m), Center on Budget and Policy Priorities ($32.2m) and Northeast Florida Area Agency on Aging Inc ($32.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.8% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $475k (1.4% of expenses). Other salaries and wages came to $20.9m. At year end it held assets of $16.7m against liabilities of $14.7m, net assets of $2.1m. It reported 776 employees.