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. The IRS classifies it as a church under section 501(c)(3).

In the financial year ending June 2024, Volunteers of America Inc reported income of $98k and spending of $133k, spending 135% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $103k to $98k (-4.9%), an average of -1.2% a year. The sharpest change came in the year to June 2021, when income dropped by 22%. Over the whole period it spent 136% 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 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within VA. Charities of a similar size with the same main cause include Emergency Nurses Association ($98k), Putnam County Council on the Aging and Aged Inc ($98k) and Pasadena Pro Musica ($98k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 98% of the total. Other salaries and wages came to $7,027. At year end it held assets of $930k against liabilities of $82k, net assets of $847k.

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.