Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Mobile, AL. 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 $61k and spending of $78k, spending 128% of what it took in. Across the 4 years on record, from June 2020 to June 2024, income fell from $65k to $61k (-6.5%), an average of -2.2% a year. Over the whole period it spent 128% 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 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within AL. Charities of a similar size with the same main cause include The Ammon Volunteer Fire Department Inc ($61k), Little Lambs Parent Co-Operative Preschool Inc ($61k) and Rutherford Library Assn ($61k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 99% of the total. At year end it held assets of $376k against liabilities of $10k, net assets of $366k.

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.