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 $1.0m and spending of $1.2m, spending 111% of what it took in. Across the 4 years on record, from June 2021 to June 2024, income grew from $759k to $1.0m (+36%), an average of +11% a year. The sharpest change came in the year to June 2024, when income rose by 40%. Over the whole period it spent 115% 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 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within VA. Charities of a similar size with the same main cause include Milton J Dance Jr Endowment Inc ($1.0m), Georgia Agape Inc ($1.0m) and Melrose Villa Hermosa Housing Development Fund Company Inc ($1.0m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 76% of the total. Other salaries and wages came to $70k. At year end it held assets of $5.8m against liabilities of $7.4m, net assets of -$1.7m.

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.