Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Brunswick, ME. 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 $74k and spending of $84k, spending 114% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $68k to $74k (+9.1%), an average of +1.8% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 118% 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 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 22nd percentile within ME. Charities of a similar size with the same main cause include Iron County Museum Endowment Fund Inc ($74k), Valley Alano Club Inc ($74k) and Spirit of Revival Ministries ($74k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $395k against liabilities of $18k, net assets of $377k.

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.