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 $56k and spending of $74k, spending 132% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $59k to $56k (-5.1%), an average of -1.3% a year. Over the whole period it spent 125% 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 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within AL. Charities of a similar size with the same main cause include Ruth Hawes Tuw Ivinson Memorial Hospital Laramie Wyoming ($56k), Runestone Electric Community Trust ($56k) and North Phoenix Lions Club Foundation ($56k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 93% of the total. At year end it held assets of $462k against liabilities of $8,043, net assets of $454k.

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.