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 $23.0m and spending of $21.1m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.1m to $23.0m (+43%), an average of +9.3% a year. Over the whole period it spent 97% 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 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MN. Charities of a similar size with the same main cause include New Hope Integrated Behavioral Health Care ($22.9m), Central California Child Development Services ($23.0m) and Jasper County Sheltered Facilities Association ($22.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 97% of the total. Other salaries and wages came to $5.1m. At year end it held assets of $10.2m against liabilities of $10.4m, net assets of -$270k. It reported 119 employees.