Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Taylor, MI. 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 2024, Volunteers of America Inc reported income of $541k and spending of $789k, spending 146% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $498k to $541k (+8.5%), an average of +2.1% a year. Over the whole period it spent 143% 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 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MI. Charities of a similar size with the same main cause include Be Noble Inc ($541k), Center for Independent Living Inc ($541k) and Tennessee Foundation for Agriculture in the Classroom ($541k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 98% of the total. Other salaries and wages came to $144k. At year end it held assets of $9.5m against liabilities of $588k, net assets of $8.9m.

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.