Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Detroit, MI. 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 $761k and spending of $921k, spending 121% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $654k to $761k (+16%), an average of +3.9% a year. The sharpest change came in the year to June 2023, when income rose by 69%. Over the whole period it spent 123% 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 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MI. Charities of a similar size with the same main cause include Forever Caring Fund of East Pa Conference of Churches of God ($761k), New York Choral Society Inc ($761k) and Genesee County Agricultural Society ($761k).

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 $157k. At year end it held assets of $2.1m against liabilities of $324k, net assets of $1.8m.