Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Brunswick, ME. 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 $346k and spending of $347k, spending 100% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $222k to $346k (+56%), an average of +9.3% a year. The sharpest change came in the year to June 2021, when income rose by 399%. Over the whole period it spent 72% 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 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 59th percentile within ME. Charities of a similar size with the same main cause include Spiritual Care Consultants of West Michigan Inc ($346k), Korean American Music Academy ($346k) and The Suh Moon Presbyterian Church ($346k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. At year end it held assets of $1.8m against liabilities of $1.1m, net assets of $644k.

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.