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).

In the financial year ending June 2024, Volunteers of America Inc reported income of $554k and spending of $611k, spending 110% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $479k to $554k (+16%), an average of +3.7% a year. Over the whole period it spent 110% 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 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within VA. Charities of a similar size with the same main cause include Care and Share Inc ($554k), New Wave Corporation ($554k) and Academy of Political Science ($554k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $105k. At year end it held assets of $2.6m against liabilities of $435k, net assets of $2.1m.