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. 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 $247k and spending of $290k, spending 117% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $231k to $247k (+7.0%), an average of +1.7% a year. The sharpest change came in the year to June 2023, when income dropped by 16%. Over the whole period it spent 117% 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 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within VA. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($247k), Saffron Trust Womens Foundation ($247k) and United Way of Pontiac ($247k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 88% of the total. Other salaries and wages came to $24k. At year end it held assets of $824k against liabilities of $1.3m, net assets of -$453k.