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 $12.0m and spending of $13.8m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.5m to $12.0m (+4.2%), an average of +1.0% a year. The sharpest change came in the year to June 2022, when income dropped by 21%. Over the whole period it spent 109% 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 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include New City School Inc ($12.0m), Center for Health Policy Development ($12.0m) and West Vue Inc ($12.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Other salaries and wages came to $9.9m. At year end it held assets of $1.1m against liabilities of $4.8m, net assets of -$3.7m. It reported 300 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.