Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Mobile, AL. 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 $57k and spending of $82k, spending 143% of what it took in. Across the 4 years on record, from June 2020 to June 2024, income grew from $56k to $57k (+2.6%), an average of +0.9% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 131% 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 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 21st percentile within AL. Charities of a similar size with the same main cause include Library Club of Menard Inc ($57k), Columbus Veterans Beneficial Board ($57k) and Child Evangelism Fellowship Inc ($57k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 95% of the total. At year end it held assets of $472k against liabilities of $34k, net assets of $437k.

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.