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 $142k and spending of $114k, spending 80% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $116k to $142k (+23%), an average of +23% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 92% 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 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within FL. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($142k), Mental Health Association Apartments Inc ($142k) and Schuylkill Haven Free Public Library ($142k).

On its Form 990-EZ for the period ending June 2023, revenue came from program service revenue 82% of the total. At year end it held assets of $479k against liabilities of $61k, net assets of $418k.