Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Minneapolis, MN. 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 2023, Volunteers of America Inc reported income of $791k and spending of $714k, spending 90% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $848k to $791k (-6.6%), an average of -2.3% a year. The sharpest change came in the year to June 2021, when income rose by 168%. Over the whole period it spent 60% 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 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MN. Charities of a similar size with the same main cause include Pax Christi USA ($791k), Kidcare Nutrition Sponsor ($792k) and Doorstep Inc ($791k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 88% of the total. At year end it held assets of $15.1m against liabilities of $2.0m, net assets of $13.0m.