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 $128k and spending of $145k, spending 113% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $113k to $128k (+13%), an average of +3.1% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 103% 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 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within VA. Charities of a similar size with the same main cause include Cedar Inc ($128k), PTA Texas PTA ($128k) and The Bollinger Foundation ($128k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 97% of the total. Other salaries and wages came to $9,715. At year end it held assets of $671k against liabilities of $747k, net assets of -$76k.