Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Mobile, AL. 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 2024, Volunteers of America Inc reported income of $256k and spending of $219k, spending 85% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $228k to $256k (+13%), an average of +3.0% a year. Over the whole period it spent 86% 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 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 60th percentile within AL. Charities of a similar size with the same main cause include Luisa Diaz Foundation Inc ($256k), New Marblehead North Housing Corporation ($256k) and Hocking Valley Community Hospitalmemorial Fund Inc ($256k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $14k. At year end it held assets of $320k against liabilities of $442k, net assets of -$122k.