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 $153k and spending of $216k, spending 142% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $184k to $153k (-17%), an average of -4.6% a year. The sharpest change came in the year to June 2021, when income dropped by 25%. Over the whole period it spent 129% 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 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 51st percentile within TX. Charities of a similar size with the same main cause include Gold Star Ride Foundation ($153k), Schuylkill County Council for the Arts Inc ($153k) and Little League Baseball Inc ($152k).

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 $46k. At year end it held assets of $1.1m against liabilities of $136k, net assets of $928k.

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.