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 $404k and spending of $496k, spending 123% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $303k to $404k (+33%), an average of +7.5% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 118% 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 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within VA. Charities of a similar size with the same main cause include Sober Living ($404k), Yamhill County History Museum ($404k) and United Way of Knox County Inc ($404k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 95% of the total. Other salaries and wages came to $57k. At year end it held assets of $1.3m against liabilities of $3.9m, net assets of -$2.6m.