Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Jamaica Plain, MA. 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 $840k and spending of $799k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $640k to $840k (+31%), an average of +7.0% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 105% 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 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include Boy Scouts of America ($840k), Smith Center for the Arts Inc ($840k) and Rehabilitation Center Therapeutic Solutions for Children and Adults ($840k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Other salaries and wages came to $327k. At year end it held assets of $4.9m against liabilities of $998k, net assets of $3.9m. It reported 11 employees.