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 $355k and spending of $367k, spending 103% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $342k to $355k (+4.0%), an average of +1.0% a year. The sharpest change came in the year to June 2023, when income dropped by 24%. Over the whole period it spent 96% 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 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within VA. Charities of a similar size with the same main cause include Elderly Housing of West Union Inc ($355k), Sinai Assisted Housing Foundation Inc ($355k) and Southeast Affordable Housing Corporation ($355k).

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 $39k. At year end it held assets of $1.9m against liabilities of $1.9m, net assets of $28k.