Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Alexandria, VA. 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 2024, Volunteers of America Inc reported income of $563k and spending of $417k, leaving 26% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $479k to $563k (+18%), an average of +4.1% a year. Over the whole period it spent 84% 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 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within VA. Charities of a similar size with the same main cause include Ahepa 250-V Inc ($563k), Yachad Inc ($564k) and Arbor Lakes Senior Housing ($563k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 95% of the total. Other salaries and wages came to $65k. At year end it held assets of $1.2m against liabilities of $742k, net assets of $503k.