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 $73k and spending of $94k, spending 128% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $53k to $73k (+38%), an average of +8.3% a year. The sharpest change came in the year to June 2023, when income rose by 33%. 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 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within AL. Charities of a similar size with the same main cause include Historic Woodruff Place Foundation Inc ($73k), Sequoia Brigade Camp Inc ($73k) and San Diego Christian Servicemens Center Inc ($73k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 97% of the total. Other salaries and wages came to $5,331. At year end it held assets of $560k against liabilities of $18k, net assets of $542k.

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.