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).

In the financial year ending June 2023, Volunteers of America Inc reported income of $2.9m and spending of $296k, leaving 90% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $341k to $2.9m (+750%), an average of +104% a year. The sharpest change came in the year to June 2023, when income rose by 740%. Over the whole period it spent 56% 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 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within LA. Charities of a similar size with the same main cause include Childrens Community School Inc ($2.9m), Childrens Cancer Therapy Development Institute ($2.9m) and Pendle Hill School ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. At year end it held assets of $1.6m against liabilities of $9,954, net assets of $1.6m.