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 $422k and spending of $589k, spending 140% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $304k to $422k (+39%), an average of +8.5% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 140% 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 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 70th percentile within AL. Charities of a similar size with the same main cause include Big Horn Basin Association Adolescent Programs ($422k), North Blanco County Emergency Medical Services Inc ($422k) and Manasota District Council St Vincent Depaul Thrift Store Inc ($422k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $37k. At year end it held assets of $1.7m against liabilities of $651k, net assets of $1.1m.

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.