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 $448k and spending of $573k, spending 128% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $415k to $448k (+7.9%), an average of +1.9% a year. Over the whole period it spent 119% 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 Hermantown Amateur Hockey Association Inc ($448k), El Paso Electrical Joint Apprenticeship and Training Trust ($448k) and Aicpa Benevolent Fund Inc ($448k).

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 $66k. At year end it held assets of $2.6m against liabilities of $1.1m, net assets of $1.5m.

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.