Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in St Petersburg, FL. 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 2023, Volunteers of America Inc reported income of $276k and spending of $420k, spending 152% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $599k to $276k (-54%), an average of -18% a year. The sharpest change came in the year to June 2020, when income rose by 116%. Over the whole period it spent 68% 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 63rd percentile within FL. Charities of a similar size with the same main cause include Meher Mount Corporation ($276k), Young Israel of Margate ($276k) and Campus Christian Fellowship ($276k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. Other salaries and wages came to $140k. At year end it held assets of $2.2m against liabilities of $726k, net assets of $1.5m.

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.