Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in River Rouge, MI. 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 $424k and spending of $620k, spending 146% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $456k to $424k (-7.0%), an average of -1.8% a year. The sharpest change came in the year to June 2023, when income rose by 129%. Over the whole period it spent 107% 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 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within MI. Charities of a similar size with the same main cause include Trustees of Purdue University ($424k), Village School Trust ($424k) and Patriots of Freedom Foundation Inc ($424k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $111k. At year end it held assets of $3.3m against liabilities of $518k, net assets of $2.8m.