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 $282k and spending of $965k, spending 342% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.0m to $282k (-86%), an average of -39% a year. The sharpest change came in the year to June 2023, when income dropped by 69%. Over the whole period it spent 166% 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 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within MN. Charities of a similar size with the same main cause include Dunseith Community Betterment Club ($282k), Company of Dance Arts ($282k) and Coachella Valley Mounted Rangers ($282k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 94% of the total. Other salaries and wages came to $132k. At year end it held assets of $4.9m against liabilities of $12.7m, net assets of -$7.9m. It reported 24 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.