Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Saginaw, MI. 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 $388k and spending of $521k, spending 134% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $377k to $388k (+2.7%), an average of +0.7% a year. 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 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within MI. Charities of a similar size with the same main cause include United Way of Navarro County Texas Inc ($387k), Susquehanna Chorale Inc ($388k) and LA Casa Del Tainos Housing Development Fund Company Inc ($387k).

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 $115k. At year end it held assets of $3.5m against liabilities of $53k, net assets of $3.4m.

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.