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 $141k and spending of $133k, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $116k to $141k (+21%), an average of +4.9% a year. The sharpest change came in the year to June 2021, when income rose by 98%. Over the whole period it spent 64% 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 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 39th percentile within ME. Charities of a similar size with the same main cause include Southwestern Youth Music Festival ($141k), A Seat at My Sisters Table ($141k) and Wyldflower Learning Community Inc ($141k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 14% and program service revenue 86% of the total. At year end it held assets of $955k against liabilities of $693k, net assets of $263k.