Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Baton Rouge, 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 2024, Volunteers of America Inc reported income of $130k and spending of $156k, spending 120% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $101k to $130k (+29%), an average of +6.5% a year. The sharpest change came in the year to June 2024, when income rose by 38%. Over the whole period it spent 132% 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 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within LA. Charities of a similar size with the same main cause include Warren & Denyse Mackey Foundation Inc ($130k), Road Runners Club of America ($130k) and Ikodhi Inc ($130k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $23k. At year end it held assets of $520k against liabilities of $966k, net assets of -$446k.

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.