Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Shreveport, LA. 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 $187k and spending of $237k, spending 127% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $173k to $187k (+8.2%), an average of +2.0% a year. Over the whole period it spent 131% 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 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 51st percentile within LA. Charities of a similar size with the same main cause include Truth for Youth ($187k), Tonto Rim Search and Rescue Squad Inc ($187k) and Forests Today and Forever ($187k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $56k. At year end it held assets of $331k against liabilities of $65k, net assets of $266k.

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.