Volunteers Of America Inc
Volunteers Of America Inc faces recurring operational deficits despite stable assets and zero officer compensation.
EIN: 10806650 · Brunswick, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $45K |
| Total Expenses | $68K |
| Program Spending | 85% |
| Net Assets | $495K |
| Transparency Score | 70/100 |
Is Volunteers Of America Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Volunteers Of America Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Volunteers Of America Inc
Volunteers Of America Inc (EIN: 10806650) is a nonprofit organization based in Brunswick, ME. The organization reported total revenue of $45K and total assets of $717K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Volunteers Of America Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Volunteers Of America Inc is a micro nonprofit that has been operating for 61 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -2.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $50K |
| Total Expenses | $68K |
| Surplus / Deficit | $-18,098 |
| Total Assets | $742K |
| Total Liabilities | $247K |
| Net Assets | $495K |
| Operating Margin | -36.3% |
| Debt-to-Asset Ratio | 33.2% |
| Months of Reserves | 131.1 months |
Financial Health Grade: B
In 2024, Volunteers Of America Inc reported a deficit of $18K with expenses exceeding revenue, holds 131.1 months of operating reserves (strong position), has a debt-to-asset ratio of 33.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2012–2024), Volunteers Of America Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +184425.9% | +11.4% | -2.1% |
| 2023 | -99.9% | -9.8% | +7.0% |
| 2022 | -64.1% | -14.2% | -3.0% |
| 2021 | -76.1% | +0.4% | -1.7% |
| 2020 | +346.2% | +6.0% | -1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7100 |
| IRS Ruling Date | 1965 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Volunteers Of America Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Volunteers Of America Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $18K, with expenses exceeding revenue.
- Debt-to-asset ratio: 33.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for a small organization with fluctuating revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Volunteers Of America Inc's IRS 990 filings:
- Recurring operational deficits (e.g., 2024: $49,822 revenue vs. $67,920 expenses; 2023: $27 revenue vs. $60,965 expenses)
- Significant fluctuation in annual revenue, making financial planning potentially challenging (e.g., $27 in 2023 vs. $264,080 in 2020)
- Lack of detailed expense breakdown (program, admin, fundraising) in provided summary data, hindering full efficiency assessment
Strengths
The following positive indicators were identified for Volunteers Of America Inc:
- Consistent 0% officer compensation, indicating very low administrative overhead for leadership
- Stable asset base ($716,823 latest, consistently around $700k-$800k) despite operational deficits, suggesting financial resilience
- Consistent IRS 990 filing history (13 filings), indicating good transparency and compliance
Frequently Asked Questions about Volunteers Of America Inc
Is Volunteers Of America Inc a legitimate charity?
Volunteers Of America Inc (EIN: 10806650) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $45K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Volunteers Of America Inc spend its money?
Volunteers Of America Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Volunteers Of America Inc tax-deductible?
Volunteers Of America Inc is registered as a tax-exempt nonprofit (EIN: 10806650). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Volunteers Of America Inc's spending goes to programs?
Volunteers Of America Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Volunteers Of America Inc located?
Volunteers Of America Inc is headquartered in Brunswick, Maine and files with the IRS under EIN 10806650.
How many years of IRS 990 filings does Volunteers Of America Inc have?
Volunteers Of America Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $45K in total revenue.
How does Volunteers Of America Inc cover its operational deficits, given that expenses frequently exceed revenue?
The organization likely covers operational deficits through accumulated reserves from prior years, non-operating income, or specific grants not reflected in the annual revenue figures provided, as its assets have remained relatively stable despite recurring negative net income.
What specific programs does Volunteers Of America Inc operate in Brunswick, ME?
The provided IRS 990 data does not detail the specific programs or services offered by Volunteers Of America Inc. Further investigation into their website or full 990 filings would be needed to understand their programmatic activities.
What is the source of the significant revenue spike in 2020 ($264,080) compared to other years?
The IRS 990 summary does not specify the source of the 2020 revenue spike. It could be due to a large one-time grant, a successful fundraising campaign, or a significant donation that year.
How does the organization manage to operate with 0% officer compensation?
Operating with 0% officer compensation suggests that the organization is either entirely run by volunteers, or its key leadership roles are compensated through other means (e.g., as regular employees if not classified as officers) or by a parent organization, which is a strong indicator of low administrative overhead.
Filing History
IRS 990 filing history for Volunteers Of America Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Volunteers Of America Inc's revenue has declined by 22.4%, moving from $64K to $50K. Total assets decreased by 14.3% over the same period, from $866K to $742K. Total functional expenses fell by 19.4%, from $84K to $68K. In its most recent filing year (2024), Volunteers Of America Inc reported a deficit of $18K, with expenses exceeding revenue. The organization holds $247K in liabilities against $742K in assets (debt-to-asset ratio: 33.2%), resulting in net assets of $495K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $50K | $68K | $742K | $247K | — | — |
| 2023 | $27 | $61K | $758K | $244K | — | View 990 |
| 2022 | $23K | $68K | $708K | $134K | — | View 990 |
| 2021 | $63K | $79K | $730K | $110K | — | — |
| 2020 | $264K | $78K | $743K | $107K | — | View 990 |
| 2019 | $59K | $74K | $755K | $306K | — | View 990 |
| 2018 | $60K | $77K | $771K | $307K | — | View 990 |
| 2017 | $62K | $79K | $787K | $306K | — | — |
| 2016 | $59K | $107K | $833K | $334K | — | View 990 |
| 2015 | $65K | $65K | $863K | $316K | — | View 990 |
| 2014 | $65K | $76K | $857K | $310K | — | View 990 |
| 2013 | $65K | $71K | $863K | $306K | — | View 990 |
| 2012 | $64K | $84K | $866K | $303K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $50K, expenses of $68K, and assets of $742K (revenue +184425.9% year-over-year).
- 2023: Revenue of $27, expenses of $61K, and assets of $758K (revenue -99.9% year-over-year).
- 2022: Revenue of $23K, expenses of $68K, and assets of $708K (revenue -64.1% year-over-year).
- 2021: Revenue of $63K, expenses of $79K, and assets of $730K (revenue -76.1% year-over-year).
- 2020: Revenue of $264K, expenses of $78K, and assets of $743K (revenue +346.2% year-over-year).
- 2019: Revenue of $59K, expenses of $74K, and assets of $755K (revenue -1.3% year-over-year).
- 2018: Revenue of $60K, expenses of $77K, and assets of $771K (revenue -2.6% year-over-year).
- 2017: Revenue of $62K, expenses of $79K, and assets of $787K (revenue +4.3% year-over-year).
- 2016: Revenue of $59K, expenses of $107K, and assets of $833K (revenue -9.4% year-over-year).
- 2015: Revenue of $65K, expenses of $65K, and assets of $863K (revenue +0.4% year-over-year).
- 2014: Revenue of $65K, expenses of $76K, and assets of $857K (revenue -0.6% year-over-year).
- 2013: Revenue of $65K, expenses of $71K, and assets of $863K (revenue +1.7% year-over-year).
- 2012: Revenue of $64K, expenses of $84K, and assets of $866K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Volunteers Of America Inc:
Data Sources and Methodology
This transparency report for Volunteers Of America Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.