Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in New Orleans, LA. 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 2023, Volunteers of America Inc reported income of $1.3m and spending of $1.5m, spending 114% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.2m to $1.3m (+3.5%), an average of +1.2% a year. The sharpest change came in the year to June 2022, when income rose by 1828%. Over the whole period it spent 58% 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 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within LA. Charities of a similar size with the same main cause include Mercy Family Center ($1.3m), Greencroft Manor II Inc ($1.3m) and Hialeah Elderly Housing Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $15.1m against liabilities of $4.5m, net assets of $10.6m.