Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Shreveport, LA. 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 $276k and spending of $262k, spending 95% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $244k to $276k (+13%), an average of +3.1% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 109% 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 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within LA. Charities of a similar size with the same main cause include Pioneer Farm Museum ($276k), Polson Park and Museum Historical Society ($276k) and Paralyzed Veterans of America ($276k).

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 $48k. At year end it held assets of $338k against liabilities of $27k, net assets of $311k.