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).

In the financial year ending June 2023, Volunteers of America Inc reported income of $2.8m and spending of $3.0m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.2m to $2.8m (-12%), an average of -3.0% a year. The sharpest change came in the year to June 2021, when income dropped by 23%. Over the whole period it spent 104% 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 89th percentile, and in the 88th percentile within MN. Charities of a similar size with the same main cause include Old Dominion Eye Foundation Inc ($2.8m), Community Pregnancy Clinics Inc ($2.8m) and Family Resource and Referral Inc ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Other salaries and wages came to $925k. At year end it held assets of $6.1m against liabilities of $10.5m, net assets of -$4.4m. It reported 39 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.