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. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 $1.4m and spending of $1.3m, spending 90% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.0m to $1.4m (+37%), an average of +8.1% a year. The sharpest change came in the year to June 2024, when income rose by 27%. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Volunteers of America Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within VA. Charities of a similar size with the same main cause include Covenant Living Services ($1.4m), Main Street Connect Inc ($1.4m) and Ascend Housing Allies Incorporated ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $113k. At year end it held assets of $2.6m against liabilities of $4.1m, net assets of -$1.5m.