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

In the financial year ending June 2023, Volunteers of America Inc reported income of $5.1m and spending of $5.3m, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.7m to $5.1m (+38%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 97% 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 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Hui Malama Ola Na Oiwi ($5.1m), Congressional Sportsmens Foundation ($5.1m) and United Cerebral Palsy of Northeastern Pa ($5.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 100% of the total. At year end it held assets of $2.2m against liabilities of $677k, net assets of $1.5m.