Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Euless, TX. 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 $127k and spending of $174k, spending 136% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $88k to $127k (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2021, when income rose by 54%. Over the whole period it spent 142% 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 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 46th percentile within TX. Charities of a similar size with the same main cause include Northside Church of Christ Housing Development Fund Company Inc ($127k), Gibb Perry Village Inc ($127k) and Caring Residential Services VIII Inc ($127k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 97% of the total. Other salaries and wages came to $19k. At year end it held assets of $456k against liabilities of $63k, net assets of $394k.

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.