Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Everett, WA. 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 $136.0m and spending of $127.0m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $26.4m to $136.0m (+415%), an average of +51% a year. The sharpest change came in the year to June 2021, when income rose by 169%. 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 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within WA. Charities of a similar size with the same main cause include Make- A- Wish Foundation of America ($135.3m), Christus Hopkins Health Alliance ($137.3m) and St Paul Place Specialists Inc ($133.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $911k (0.7% of expenses). Other salaries and wages came to $32.6m. At year end it held assets of $35.7m against liabilities of $11.1m, net assets of $24.6m. It reported 871 employees.