Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Redford, MI. 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 $724k and spending of $800k, spending 110% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $626k to $724k (+16%), an average of +3.7% a year. Over the whole period it spent 112% 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 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MI. Charities of a similar size with the same main cause include Greensboro Housing Management Corporation ($724k), The Lotus Campaign Inc ($724k) and Unity Place Housing Inc ($724k).

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 $124k. At year end it held assets of $3.2m against liabilities of $3.7m, net assets of -$487k.

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.