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 $17.3m and spending of $17.3m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.2m to $17.3m (+1350%), an average of +144% a year. The sharpest change came in the year to June 2021, when income rose by 550%. Over the whole period it spent 121% 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 97th percentile: it is larger than about 97% 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 Pike School Inc ($17.3m), Weachieve Inc ($17.3m) and The Arc of Crawford County Inc ($17.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 80% of the total. Other salaries and wages came to $7.3m. At year end it held assets of $49.0m against liabilities of $56.9m, net assets of -$7.9m. It reported 232 employees.

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.