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 $246k and spending of $238k, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $215k to $246k (+14%), an average of +3.3% a year. Over the whole period it spent 98% 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 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 59th percentile within AL. Charities of a similar size with the same main cause include Rho Chi Society ($246k), Ferris Music Parents Association ($246k) and Adult Christian Education Foundation Inc ($246k).

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 $35k. At year end it held assets of $355k against liabilities of $528k, net assets of -$173k.