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).

In the financial year ending June 2024, Volunteers of America Inc reported income of $670k and spending of $815k, spending 122% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $548k to $670k (+22%), an average of +5.2% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 116% 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 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within VA. Charities of a similar size with the same main cause include Volunteers of America Inc ($670k), Gasconade County Historical Society ($670k) and Project New Hope Inc ($670k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 98% of the total. Other salaries and wages came to $93k. At year end it held assets of $2.2m against liabilities of $562k, net assets of $1.6m.

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.