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 $2.3m and spending of $2.5m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.5m to $2.3m (-7.3%), an average of -1.9% a year. The sharpest change came in the year to June 2020, when income dropped by 16%. Over the whole period it spent 106% 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 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Mid-Peninsula San Ramon Housing Corporation ($2.3m), Bristol Child Development Center Inc ($2.3m) and Bergen Beach Youth Organization Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 5.7% of the total. Other salaries and wages came to $373k. At year end it held assets of $483k against liabilities of $3.8m, net assets of -$3.3m.

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.