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 $449k and spending of $441k, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $405k to $449k (+11%), an average of +2.6% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 99% 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 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within VA. Charities of a similar size with the same main cause include The Unified School District No 368 Endowment Association ($449k), Rocky Mountain Vipassana Association Inc ($449k) and Stone Lake Woods Inc ($449k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 98% of the total. Other salaries and wages came to $100k. At year end it held assets of $1.5m against liabilities of $95k, net assets of $1.4m.