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 $169k and spending of $571k, spending 338% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $1.4m to $169k (-88%), an average of -65% a year. The sharpest change came in the year to June 2023, when income dropped by 100%. Over the whole period it spent 57% 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 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 49th percentile within VA. Charities of a similar size with the same main cause include Cor Jesu Foundation ($169k), Locust Street Neighborhood Art Classes Inc ($169k) and South Carolina Congress of Parents and Teachers ($169k).

At year end it held assets of $33.3m against liabilities of $32.7m, net assets of $587k.