Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Louisville, KY. 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 $115k and spending of $135k, spending 117% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $111k to $115k (+4.0%), an average of +1.3% a year. Over the whole period it spent 117% 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 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within KY. Charities of a similar size with the same main cause include Wisconsin Hero Outdoors Inc ($115k), PTA California Congress of Parents Teachers & Students Inc ($115k) and Creative Ministries Inc ($115k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $9,719. At year end it held assets of $847k against liabilities of $56k, net assets of $791k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.