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. 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 $212k and spending of $180k, spending 85% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $167k to $212k (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2022, when income rose by 43%. Over the whole period it spent 99% 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 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within VA. Charities of a similar size with the same main cause include George a Wiley Center ($212k), Halifax Hospital Medical Center Auxiliary Inc ($212k) and Homoeopathic Pharmacopoeia Convention of the United States ($212k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 87% of the total. Other salaries and wages came to $14k. At year end it held assets of $1.6m against liabilities of $1.3m, net assets of $318k.