Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Alexandria, VA. 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 $765k and spending of $927k, spending 121% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $909k to $765k (-16%), an average of -4.2% a year. The sharpest change came in the year to June 2021, when income dropped by 20%. Over the whole period it spent 118% 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 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within VA. Charities of a similar size with the same main cause include Mt Carmel Gardens Inc ($765k), Hunterdon Area Rural Transit Inc ($765k) and Springfield First Aid Squad Inc ($764k).

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 $150k. At year end it held assets of $4.9m against liabilities of $175k, net assets of $4.7m.

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.