Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in New Orleans, LA. 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 2023, Volunteers of America Inc reported income of $545k and spending of $685k, spending 126% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $456k to $545k (+19%), an average of +6.1% a year. The sharpest change came in the year to June 2023, when income rose by 57%. Over the whole period it spent 122% 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 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within LA. Charities of a similar size with the same main cause include Mayfield Memorial Apartments Inc ($545k), Habitat for Humanity International Inc ($545k) and Association of Financial Educators ($545k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 25% of the total. At year end it held assets of $931k against liabilities of $869k, net assets of $62k.

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.