Volunteers of America

Analysis

Volunteers of America 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 reported income of $128k and spending of $164k, spending 128% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $64k to $128k (+101%), an average of +101% a year. The sharpest change came in the year to June 2024, when income rose by 101%. Over the whole period it spent 123% 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 sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 37th percentile within ME. Charities of a similar size with the same main cause include North End Area Seniors ($128k), Sandy Bay Yacht Club Sailing Program and Scholarship Fund Inc ($128k) and Head Start Sponsoring Board Council of the City of New York Inc ($128k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 96% of the total. At year end it held assets of $1.2m against liabilities of $1.1m, net assets of $94k.