Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Alexandria, VA. 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 $5.0m and spending of $3.5m, leaving 31% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $136k to $5.0m (+3596%), an average of +508% a year. The sharpest change came in the year to June 2023, when income rose by 880%. Over the whole period it spent 113% 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 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within VA. Charities of a similar size with the same main cause include L a N D Studio Inc ($5.0m), The Little Light House Inc ($5.0m) and The Family Violence Prevention Center Inc ($5.0m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 97% of the total. At year end it held assets of -$2.8m against liabilities of $0, net assets of -$2.8m.