Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Mobile, AL. 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 $228k and spending of $239k, spending 105% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $209k to $228k (+9.0%), an average of +2.2% a year. Over the whole period it spent 97% 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 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 58th percentile within AL. Charities of a similar size with the same main cause include Dallas Hebrew Free Loan Association ($228k), Niles Historical Society ($228k) and Bay Harbor Minor Hockey Association Inc ($228k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $17k. At year end it held assets of $313k against liabilities of $608k, net assets of -$295k.