Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Spokane, WA. 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 $201k and spending of $171k, spending 85% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $179k to $201k (+13%), an average of +3.0% a year. Over the whole period it spent 86% 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 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within WA. Charities of a similar size with the same main cause include Goodman Armstrong Rescue Squad Inc ($201k), PTA Florida Congress ($201k) and Baltimore and Ohio Railroad Historical Society ($201k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 64% and program service revenue 34% of the total. Other salaries and wages came to $20k. At year end it held assets of $756k against liabilities of $1.1m, net assets of -$385k.