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. 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 $78k and spending of $117k, spending 150% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $52k to $78k (+49%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 106%. Over the whole period it spent 134% 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 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within TX. Charities of a similar size with the same main cause include Little League Baseball Inc ($78k), Birthright of Richmond ($78k) and Studio City Beautification Assoc ($78k).

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 $6,879. At year end it held assets of $523k against liabilities of $74k, net assets of $449k.

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.