Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in June 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 $187k and spending of $180k, spending 96% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $365k to $187k (-49%), an average of -49% a year. The sharpest change came in the year to June 2024, when income dropped by 49%. Over the whole period it spent 427% 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 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include Afcea Educational Foundation ($187k), Ashland Rescue Squad Inc ($187k) and Indian Lake Convention and Visitors Bureau ($187k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 96% of the total. At year end it held assets of $434k against liabilities of $4.1m, net assets of -$3.7m.