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 $138k and spending of $171k, spending 124% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $59k to $138k (+133%), an average of +132% a year. The sharpest change came in the year to June 2024, when income rose by 133%. Over the whole period it spent 133% 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 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 38th percentile within ME. Charities of a similar size with the same main cause include Hbhci Hud 6 Inc ($138k), Endercorp Inc ($138k) and Sanctuary at Pine Meadow Farms Inc ($138k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 89% of the total. At year end it held assets of $1.8m against liabilities of $1.3m, net assets of $504k.