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 $2.5m and spending of $2.8m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $2.5m (+14%), an average of +3.2% a year. The sharpest change came in the year to June 2021, when income rose by 111%. 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 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MN. Charities of a similar size with the same main cause include Young Mens Christian Association Inc-Randolp-Asheboro ($2.5m), Cabarrus Victims Assistance Network ($2.5m) and Byron House Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 86% of the total. At year end it held assets of $8.2m against liabilities of $6.6m, net assets of $1.6m.