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 $94k and spending of $121k, spending 128% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $102k to $94k (-7.6%), an average of -7.6% a year. Over the whole period it spent 124% 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 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 39th percentile within FL. Charities of a similar size with the same main cause include South Dakota Bankers Association Foundation ($94k), Charles Toonie Cash Evangelistic Association ($94k) and Trooper Kevin Conner Memorial Foundation Inc ($94k).

On its Form 990-EZ for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $188k against liabilities of $500k, net assets of -$312k.