Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Spokane, WA. 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 $299k and spending of $271k, spending 91% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $296k to $299k (+1.0%), an average of +0.2% a year. Over the whole period it spent 91% 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 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within WA. Charities of a similar size with the same main cause include Institute of Classical Architecture and Art Inc ($299k), Bobo Volunteer Fire Department Inc Northwest Madison County ($299k) and Danish Mill Corp ($299k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 78% and program service revenue 21% of the total. Other salaries and wages came to $15k. At year end it held assets of $529k against liabilities of $631k, net assets of -$102k.