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), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Volunteers of America Inc reported income of $121k and spending of $156k, spending 128% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $111k to $121k (+9.5%), an average of +2.3% a year. Over the whole period it spent 134% 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 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 43rd percentile within MD. Charities of a similar size with the same main cause include TMJ Association Ltd ($121k), Child Assistance Resource and Education Team Inc ($121k) and Ohio Asian American Health Coalition ($121k).

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 $12k. At year end it held assets of $554k against liabilities of $351k, net assets of $203k.

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.