Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Spokane, WA. 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 $178k and spending of $203k, spending 114% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $181k to $178k (-1.7%), an average of -0.4% a year. Over the whole period it spent 111% 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 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within WA. Charities of a similar size with the same main cause include Bright Minds Youth Development ($178k), Virginia Congress of Parents and Teachers ($178k) and Third Space Chicago ($178k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 56% and program service revenue 43% of the total. Other salaries and wages came to $23k. At year end it held assets of $444k against liabilities of $1.1m, net assets of -$641k.

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.