Volare

Analysis

Volare is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Volare reported income of $5.0m and spending of $4.7m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.2m to $5.0m (+126%), an average of +23% a year. The sharpest change came in the year to September 2021, when income rose by 32%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Volare sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 80th percentile within DC. Charities of a similar size with the same main cause include Helping Advance and Nurture the Development of Youth Inc ($5.0m), Elk Grove Adult Community Training Inc ($5.0m) and Warren County Association for Retarded Citizens ($5.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $180k (3.8% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $1.8m against liabilities of $587k, net assets of $1.2m. It reported 51 employees.