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. 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 $326k and spending of $347k, spending 107% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $255k to $326k (+28%), an average of +6.3% a year. Over the whole period it spent 109% 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 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within VA. Charities of a similar size with the same main cause include Suncoast Waterkeeper Inc ($326k), Sacred Saving Agave for Culture Recreation Education and Developme ($326k) and California Association of Private Special Education Schools ($326k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 90% of the total. Other salaries and wages came to $87k. At year end it held assets of $1.2m against liabilities of $1.3m, net assets of -$115k.

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.