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 $179k and spending of $267k, spending 150% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $201k to $179k (-11%), an average of -2.9% a year. Over the whole period it spent 126% 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 51st percentile within VA. Charities of a similar size with the same main cause include The American Friends of the Whitechapel Gallery Foundation Inc ($178k), Georgia Youth Science & Technology Center Inc ($179k) and The Sportsmen and Professional Men of Coffee County Inc ($178k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $71k. At year end it held assets of $873k against liabilities of $1.5m, net assets of -$604k.

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.