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 $216k and spending of $214k, spending 99% of its income. Across the 3 years on record, from June 2020 to June 2024, income grew from $177k to $216k (+22%), an average of +10% a year. Over the whole period it spent 103% 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 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within AL. Charities of a similar size with the same main cause include Assistance Fund of Denver Teachers Club ($216k), Freedom Road Transportation Authority ($216k) and National Organization of Black Law Enforcement Executives Noble ($216k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 98% of the total. Other salaries and wages came to $14k. At year end it held assets of $356k against liabilities of $750k, net assets of -$394k.