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. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 $489k and spending of $527k, spending 108% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $415k to $489k (+18%), an average of +4.2% a year. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Volunteers of America Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within VA. Charities of a similar size with the same main cause include Castillo Homes Inc ($489k), Bhi Foundation Inc ($489k) and Presbyterian Village Holly Phase II Nonprofit Housing Corporation ($489k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 97% of the total. Other salaries and wages came to $68k. At year end it held assets of $1.9m against liabilities of $248k, net assets of $1.7m.