Volunteers Of America Inc
Volunteers Of America Inc consistently operates at a deficit, drawing down substantial assets over time.
EIN: 204182774 · Brunswick, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $301K |
| Total Expenses | $351K |
| Program Spending | 80% |
| Net Assets | $2.7M |
| Transparency Score | 75/100 |
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 80% 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: 204182774) is a nonprofit organization based in Brunswick, ME. The organization reported total revenue of $301K and total assets of $2.7M 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 small 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 1.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $277K |
| Total Expenses | $351K |
| Surplus / Deficit | $-73,797 |
| Total Assets | $2.8M |
| Total Liabilities | $40K |
| Net Assets | $2.7M |
| Operating Margin | -26.6% |
| Debt-to-Asset Ratio | 1.5% |
| Months of Reserves | 94.7 months |
Financial Health Grade: B
In 2024, Volunteers Of America Inc reported a deficit of $74K with expenses exceeding revenue, holds 94.7 months of operating reserves (strong position), has a debt-to-asset ratio of 1.5% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Volunteers Of America Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +2.8% | -1.1% | -2.3% |
| 2023 | -0.4% | +0.8% | -3.7% |
| 2022 | +7.5% | +6.2% | -2.0% |
| 2021 | -0.6% | -6.3% | -2.3% |
| 2020 | +1.8% | +5.7% | -5.0% |
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 75 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Volunteers Of America Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $74K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either unpaid or compensated through mechanisms not categorized as officer compensation on the 990, which is a strong positive for financial efficiency and donor trust.
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:
- Consistent operating deficits (expenses exceeding revenue in all reported periods)
- Gradual decline in total assets over the past decade (from $3.58M to $2.77M)
Strengths
The following positive indicators were identified for Volunteers Of America Inc:
- Strong asset base relative to annual expenses ($2.77M assets vs. $0.35M expenses in 202406)
- Consistent reporting of 0% officer compensation, indicating high efficiency in leadership costs
- Low liabilities across all periods, suggesting good financial management of debt
- Consistent IRS 990 filing history (13 filings), demonstrating transparency and compliance
Frequently Asked Questions about Volunteers Of America Inc
Is Volunteers Of America Inc a legitimate charity?
Volunteers Of America Inc (EIN: 204182774) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $301K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Volunteers Of America Inc spend its money?
Volunteers Of America Inc directs 80% 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: 204182774). 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 80% 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 204182774.
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 $301K in total revenue.
Is Volunteers Of America Inc financially sustainable given its consistent operating deficits?
While the organization has a strong asset base (e.g., $2,771,884 in 202406), it has consistently spent more than it earned, with expenses exceeding revenue in every reported period. This trend, if continued, will eventually deplete its reserves, raising long-term sustainability concerns.
What is the reason for the 0% officer compensation reported?
The filings consistently show 0% officer compensation. This could mean that the organization's leadership is entirely volunteer-based, compensated through a related entity, or that their compensation is categorized differently on the 990. It's a positive indicator for efficiency but warrants further inquiry for full understanding.
How does the organization cover its annual operating deficits?
The consistent operating deficits (e.g., $73,797 in 202406) are likely covered by drawing down from the organization's substantial asset base, which has gradually decreased from $3,582,126 in 201506 to $2,771,884 in 202406.
What is the trend in the organization's asset base?
The organization's assets have shown a gradual decline over the past decade, from $3,582,126 in 201506 to $2,771,884 in 202406, likely due to covering consistent operating deficits.
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 grown by 16%, moving from $239K to $277K. Total assets decreased by 27.2% over the same period, from $3.8M to $2.8M. Total functional expenses rose by 18.9%, from $295K to $351K. In its most recent filing year (2024), Volunteers Of America Inc reported a deficit of $74K, with expenses exceeding revenue. The organization holds $40K in liabilities against $2.8M in assets (debt-to-asset ratio: 1.5%), resulting in net assets of $2.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $277K | $351K | $2.8M | $40K | — | — |
| 2023 | $270K | $355K | $2.8M | $33K | — | View 990 |
| 2022 | $271K | $352K | $2.9M | $56K | — | View 990 |
| 2021 | $252K | $332K | $3.0M | $34K | — | View 990 |
| 2020 | $254K | $354K | $3.1M | $24K | — | View 990 |
| 2019 | $249K | $335K | $3.2M | $84K | — | View 990 |
| 2018 | $242K | $332K | $3.3M | $88K | — | View 990 |
| 2017 | $237K | $318K | $3.4M | $88K | — | View 990 |
| 2016 | $237K | $386K | $3.5M | $87K | — | View 990 |
| 2015 | $233K | $300K | $3.6M | $24K | — | View 990 |
| 2014 | $242K | $311K | $3.7M | $37K | — | View 990 |
| 2013 | $238K | $307K | $3.7M | $35K | — | View 990 |
| 2012 | $239K | $295K | $3.8M | $48K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $277K, expenses of $351K, and assets of $2.8M (revenue +2.8% year-over-year).
- 2023: Revenue of $270K, expenses of $355K, and assets of $2.8M (revenue -0.4% year-over-year).
- 2022: Revenue of $271K, expenses of $352K, and assets of $2.9M (revenue +7.5% year-over-year).
- 2021: Revenue of $252K, expenses of $332K, and assets of $3.0M (revenue -0.6% year-over-year).
- 2020: Revenue of $254K, expenses of $354K, and assets of $3.1M (revenue +1.8% year-over-year).
- 2019: Revenue of $249K, expenses of $335K, and assets of $3.2M (revenue +3.1% year-over-year).
- 2018: Revenue of $242K, expenses of $332K, and assets of $3.3M (revenue +1.9% year-over-year).
- 2017: Revenue of $237K, expenses of $318K, and assets of $3.4M (revenue +0.2% year-over-year).
- 2016: Revenue of $237K, expenses of $386K, and assets of $3.5M (revenue +1.6% year-over-year).
- 2015: Revenue of $233K, expenses of $300K, and assets of $3.6M (revenue -3.9% year-over-year).
- 2014: Revenue of $242K, expenses of $311K, and assets of $3.7M (revenue +2.1% year-over-year).
- 2013: Revenue of $238K, expenses of $307K, and assets of $3.7M (revenue -0.7% year-over-year).
- 2012: Revenue of $239K, expenses of $295K, and assets of $3.8M.
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.