Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Salt Lake Cty, UT. 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 $25.0m and spending of $22.4m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.1m to $25.0m (+46%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 89% 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 98th percentile, and in the 98th percentile within UT. Charities of a similar size with the same main cause include Trinity Hospital Twin City ($25.0m), Jarvis Christian University ($25.0m) and The Help Group Child and Family Center ($25.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $1.2m (5.6% of expenses). Other salaries and wages came to $12.0m. It paid $85k in professional fundraising fees. At year end it held assets of $41.9m against liabilities of $17.1m, net assets of $24.8m. It reported 498 employees.