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. Its declared purposes cover human services, which this site groups under poverty relief. 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 $5.7m and spending of $5.6m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.1m to $5.7m (-7.2%), an average of -1.9% a year. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Volunteers of America Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MN. Charities of a similar size with the same main cause include Resource Support & Development Inc ($5.7m), Young Mens Christian Association of San Joaquin County ($5.7m) and Achieve Services Inc ($5.7m).

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 $3.7m. At year end it held assets of $1.1m against liabilities of $6.6m, net assets of -$5.4m. It reported 101 employees.