Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Louisville, KY. 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 2023, Volunteers of America Inc reported income of $79k and spending of $65k, spending 83% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $72k to $79k (+9.4%), an average of +9.4% a year. Over the whole period it spent 92% 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 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within KY. Charities of a similar size with the same main cause include Worthington Field Studies Inc ($79k), Christine M Kleinert Institute for Hand & Micro Surgery Inc ($79k) and Senior Citizens Foundation Inc ($79k).

On its Form 990-EZ for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $310k against liabilities of $38k, net assets of $273k.