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), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Volunteers of America Inc reported income of $998k and spending of $1.3m, spending 127% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $721k to $998k (+38%), an average of +8.5% a year. The sharpest change came in the year to June 2023, when income rose by 33%. Over the whole period it spent 110% 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 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within VA. Charities of a similar size with the same main cause include G-R Daycare Inc ($997k), Csi Trust Company ($998k) and Koinonia Farm ($997k).

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 $224k. At year end it held assets of $5.5m against liabilities of $311k, net assets of $5.1m.