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 $77k and spending of $112k, spending 146% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $120k to $77k (-36%), an average of -11% a year. The sharpest change came in the year to June 2024, when income dropped by 35%. Over the whole period it spent 124% 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 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 29th percentile within VA. Charities of a similar size with the same main cause include Historical Association of South Jefferson ($77k), The Spoken Word of God ($77k) and L&s Foundation ($77k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 90% of the total. Other salaries and wages came to $9,924. At year end it held assets of $505k against liabilities of $674k, net assets of -$169k.

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.