Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in May 1965, 61 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a church under section 501(c)(3).

In the financial year ending June 2024, Volunteers of America Inc reported income of $216k and spending of $209k, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $165k to $216k (+31%), an average of +7.0% a year. The sharpest change came in the year to June 2024, when income rose by 26%. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Volunteers of America Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within WA. Charities of a similar size with the same main cause include Friends Vva Apartments Inc ($216k), Hale O Manao Lana Hou I Inc ($216k) and Bethel Corporation ($216k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 44% and program service revenue 54% of the total. Other salaries and wages came to $27k. At year end it held assets of $840k against liabilities of $1.4m, net assets of -$587k.