Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Lanham, MD. 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).

In the financial year ending June 2024, Volunteers of America Inc reported income of $334k and spending of $402k, spending 121% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $278k to $334k (+20%), an average of +4.7% a year. Over the whole period it spent 120% 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 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within MD. Charities of a similar size with the same main cause include Youth for Christ USA Inc ($334k), St James South Santee Community Center ($334k) and Latinas Latinos Al Exito Inc ($334k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 98% of the total. Other salaries and wages came to $54k. At year end it held assets of $1.8m against liabilities of $139k, net assets of $1.7m.

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.