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 $646k and spending of $50k, leaving 92% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $340k to $646k (+90%), an average of +17% a year. The sharpest change came in the year to June 2024, when income rose by 56%. Over the whole period it spent 72% 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 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within VA. Charities of a similar size with the same main cause include Pregnancy Resource Medical Center ($645k), National Board of Review of Motion Pictures Inc ($646k) and South Dakota Ffa Foundation Inc ($645k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 5.3% of the total. Other salaries and wages came to $4,780. At year end it held assets of $349k against liabilities of $375k, net assets of -$26k.