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 $698k and spending of $728k, spending 104% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $586k to $698k (+19%), an average of +4.5% a year. The sharpest change came in the year to June 2022, when income rose by 57%. 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 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within VA. Charities of a similar size with the same main cause include The Ruth K Broad Biomedical Research Foundation Inc ($698k), Oceti Wakan-Sacred Fireplace ($698k) and Captain Erick Foster Memorial Ride ($698k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 96% of the total. Other salaries and wages came to $98k. At year end it held assets of $3.0m against liabilities of $168k, net assets of $2.8m.