Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in January 1973, 53 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 2020, Volunteers of America Inc reported income of $35.3m and spending of $35.3m, spending 100% of its income. Across the 2 years on record, from June 2019 to June 2020, income grew from $31.3m to $35.3m (+13%), an average of +13% a year. Over the whole period it spent 100% 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 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Jewish Voice Ministries International ($35.2m), Community Action Partnership of Ramsey and Washington Counties ($35.3m) and Neighborhood Defender Service Inc ($35.2m).

On its Form 990 for the period ending June 2020, revenue came from contributions and grants 89% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $605k (1.7% of expenses). Other salaries and wages came to $13.9m. At year end it held assets of $19.8m against liabilities of $9.6m, net assets of $10.2m. It reported 698 employees.