Volunteers in Service to the Elderly Inc

Analysis

Volunteers in Service to the Elderly Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in June 1986, 40 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Volunteers in Service to the Elderly Inc reported income of $2.7m and spending of $1.8m, leaving 32% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $2.7m (+84%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Volunteers in Service to the Elderly Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Central Massachusetts Area ($2.7m), Ohio Hispanic Coalition ($2.7m) and World Farmers Inc ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $82k (4.4% of expenses). Other salaries and wages came to $588k. At year end it held assets of $4.0m against liabilities of $55k, net assets of $4.0m. It reported 33 employees.