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. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 $2.4m and spending of $4.0m, spending 167% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.4m to $2.4m (-28%), an average of -8.0% a year. The sharpest change came in the year to June 2023, when income dropped by 19%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Volunteers of America Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MN. Charities of a similar size with the same main cause include Family Services United ($2.4m), Supportive Housing and Innovative Partnerships Inc ($2.4m) and Mano a Mano International Partners ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $852k. At year end it held assets of $1.8m against liabilities of $1.4m, net assets of $421k. It reported 207 employees.