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 $636k and spending of $654k, spending 103% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $347k to $636k (+84%), an average of +16% a year. The sharpest change came in the year to June 2024, when income rose by 28%. Over the whole period it spent 114% 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 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within VA. Charities of a similar size with the same main cause include Mesquite RHF Housing Inc ($636k), Chester Bowl Improvement Club ($637k) and Oregon-Washington Cement Masons- Emplyrs Apprntcshp & TRNG TR Fund ($636k).

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 $107k. At year end it held assets of $1.1m against liabilities of $3.6m, net assets of -$2.5m.

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.