Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Portland, OR. 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 $24.0m and spending of $22.5m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $20.5m to $24.0m (+17%), an average of +4.0% a year. Over the whole period it spent 94% 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 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within OR. Charities of a similar size with the same main cause include Hospital San Carlos Incorporado ($24.0m), St Anthonys Gardens ($24.0m) and Easter Seals New York Inc ($24.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $862k (3.8% of expenses). Other salaries and wages came to $10.9m. At year end it held assets of $27.3m against liabilities of $4.6m, net assets of $22.7m. It reported 306 employees.