Volunteers of America

Analysis

Volunteers of America is a registered charity in United States, based in Brunswick, ME. 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 reported income of $15.9m and spending of $14.9m, spending 94% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $10.7m to $15.9m (+48%), an average of +8.1% a year. The sharpest change came in the year to June 2024, when income rose by 17%. Over the whole period it spent 94% 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 sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within ME. Charities of a similar size with the same main cause include Florida Citrus Sports Association Inc ($15.8m), San Antonio Bowl Association Inc ($15.9m) and Lotus School for Excellence Inc ($15.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $395k (2.7% of expenses). Other salaries and wages came to $9.4m. At year end it held assets of $14.0m against liabilities of $2.7m, net assets of $11.3m. It reported 346 employees.