Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in San Diego, CA. 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 2023, Volunteers of America Inc reported income of $8.3m and spending of $7.2m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.3m to $8.3m (+13%), an average of +3.2% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 96% 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 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Welfare Research Inc ($8.3m), Evolve502 Inc ($8.3m) and Community Support Systems ($8.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $110k (1.5% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $8.5m against liabilities of $5.9m, net assets of $2.5m. It reported 84 employees.