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), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Volunteers of America Inc reported income of $322k and spending of $328k, spending 102% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $292k to $322k (+10%), an average of +2.5% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 108% 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 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within VA. Charities of a similar size with the same main cause include Emmaus House Inc ($322k), USA Hockey Inc ($322k) and PTA California Congress of Parents Teachers & Students Inc ($322k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 97% of the total. Other salaries and wages came to $75k. At year end it held assets of $1.5m against liabilities of $493k, net assets of $970k.