Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Baton Rouge, LA. 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 $384k and spending of $79k, leaving 80% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $68k to $384k (+467%), an average of +467% a year. The sharpest change came in the year to June 2024, when income rose by 467%. Over the whole period it spent 35% 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 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within LA. Charities of a similar size with the same main cause include Road Runners Club of America ($384k), Josephine Kernes Memorial Pool ($385k) and Boys and Girls Clubs of Imperial Valley ($384k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 12% of the total. Other salaries and wages came to $16k. At year end it held assets of $484k against liabilities of $213k, net assets of $271k.