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 $383k and spending of $472k, spending 123% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $499k to $383k (-23%), an average of -6.4% a year. The sharpest change came in the year to June 2021, when income dropped by 40%. Over the whole period it spent 111% 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 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within VA. Charities of a similar size with the same main cause include Boulder Parks and Recreation Foundation Inc ($383k), Raleigh Housing Fund Inc ($383k) and Biblical Discipleship Ministries ($383k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 91% of the total. Other salaries and wages came to $140k. At year end it held assets of $1.4m against liabilities of $50k, net assets of $1.4m.

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.