Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Eden Prairie, MN. 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 $9.7m and spending of $9.8m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.6m to $9.7m (+13%), an average of +3.0% a year. Over the whole period it spent 100% 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 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include Fifth Avenue Committee Incorporated ($9.7m), St Mary Community Action Committee Assn Inc ($9.7m) and The Clinic for Special Children Inc ($9.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 81% of the total. Other salaries and wages came to $4.4m. At year end it held assets of $16.1m against liabilities of $23.4m, net assets of -$7.3m. It reported 51 employees.