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 $99k and spending of $121k, spending 123% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $75k to $99k (+32%), an average of +7.3% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 137% 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 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within AL. Charities of a similar size with the same main cause include All Inclusive Living ($99k), Shepherd Springs Ministries Inc ($99k) and PTA California Congress of Parents Teachers & Students Inc ($99k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 94% of the total. Other salaries and wages came to $5,915. At year end it held assets of $793k against liabilities of $93k, net assets of $699k.

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.