Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Brunswick, ME. 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 $666k and spending of $871k, spending 131% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $471k to $666k (+42%), an average of +7.2% a year. The sharpest change came in the year to June 2021, when income rose by 42%. Over the whole period it spent 116% 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 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within ME. Charities of a similar size with the same main cause include Charity Circle of Murfreesboro ($666k), Whitehall Township Public Library ($666k) and Federation of Zoroastrian Association of North America ($666k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. At year end it held assets of $1.8m against liabilities of $2.7m, net assets of -$901k.

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.