Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Eden Prairie, 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 $2.7m and spending of $3.2m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $2.7m (+157%), an average of +27% a year. The sharpest change came in the year to June 2022, when income rose by 98%. Over the whole period it spent 125% 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 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within MN. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($2.7m), Pro Bono Partnership Inc ($2.7m) and Sunbelt Agricultural Exposition Inc ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $2.7m against liabilities of $9.7m, net assets of -$7.0m. It reported 27 employees.

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.