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 $691k and spending of $732k, spending 106% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $398k to $691k (+73%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 62%. Over the whole period it spent 103% 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 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within VA. Charities of a similar size with the same main cause include Central Care Mission of Orlando Inc ($691k), Bnai Brith Housing of New Haven Inc ($691k) and Ste Annes Non-Profit Housing Corporation ($690k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $115k. At year end it held assets of $4.1m against liabilities of $3.9m, net assets of $148k.

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.