Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Alexandria, VA. 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 $286k and spending of $381k, spending 133% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $272k to $286k (+5.1%), an average of +1.3% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 107% 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 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within VA. Charities of a similar size with the same main cause include Solano Community College Education Foundation ($286k), Gehlen Catholic Schools Endowment Fund ($286k) and Wisconsin Environmental Initiative Inc ($286k).

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 $116k. At year end it held assets of $659k against liabilities of $915k, net assets of -$256k.

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.