Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Everett, WA. 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 $789k and spending of $1.1m, spending 138% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.6m to $789k (-52%), an average of -17% a year. The sharpest change came in the year to June 2021, when income rose by 88%. Over the whole period it spent 114% 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 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within WA. Charities of a similar size with the same main cause include Camp Fire ($788k), Tri-County Christian School ($789k) and U-Co Industries Inc ($788k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $188k. At year end it held assets of $5.9m against liabilities of $7.2m, net assets of -$1.2m.

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.