Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in St Petersburg, FL. 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 2023, Volunteers of America Inc reported income of $195k and spending of $223k, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $133k to $195k (+46%), an average of +10% a year. The sharpest change came in the year to June 2020, when income rose by 21%. Over the whole period it spent 112% 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 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within FL. Charities of a similar size with the same main cause include Marion and Walter C Bateman Jr Memorial Fund ($195k), All Kids Play ($195k) and Roofers and Waterproofers Local 37 Joint Apprenticeship and Journeyma ($195k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.2m against liabilities of $170k, net assets of $990k.