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 $130k and spending of $192k, spending 148% of what it took in. Across the 4 years on record, from June 2021 to June 2024, income grew from $79k to $130k (+65%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 160%. 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 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 37th percentile within ME. Charities of a similar size with the same main cause include Theatre of Dare ($130k), Community Meals Inc ($130k) and Newnan Junior Service League Inc ($130k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. At year end it held assets of $1.9m against liabilities of $2.1m, net assets of -$182k.