Volunteers Of America Inc
Volunteers Of America Inc shows asset growth despite a significant expense spike in 2022.
EIN: 208947208 · New Orleans, LA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.6M |
| Total Expenses | $2.5M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $30 |
| Net Assets | $29.0M |
| 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 75% 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: 208947208) is a nonprofit organization based in New Orleans, LA. The organization reported total revenue of $3.6M and total assets of $30.3M 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 mid-size nonprofit that has been operating for 61 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of -14.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.1M |
| Total Expenses | $2.5M |
| Surplus / Deficit | +$1.6M |
| Total Assets | $32.4M |
| Total Liabilities | $3.4M |
| Net Assets | $29.0M |
| Operating Margin | 38.9% |
| Debt-to-Asset Ratio | 10.6% |
| Months of Reserves | 157.0 months |
Financial Health Grade: A
In 2023, Volunteers Of America Inc reported a surplus of $1.6M with revenue exceeding expenses, holds 157.0 months of operating reserves (strong position), has a debt-to-asset ratio of 10.6% (very low leverage).
Financial Trends
Over 4 years of filings (2020–2023), Volunteers Of America Inc's revenue has declined at a compound annual growth rate (CAGR) of -14.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.1% | -82.6% | +21.9% |
| 2022 | -50.7% | +514.2% | +1.0% |
| 2021 | +2.9% | -14.4% | +8.5% |
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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Volunteers Of America Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.6%.
Executive Compensation Analysis
The reported 0% officer compensation across all available filings is unusual for an organization of this size with assets exceeding $30 million, suggesting that executive compensation may be reported under different categories or that the organization is entirely volunteer-led at the executive level, which would be a significant strength in terms of resource allocation.
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:
- Significant expense spike in 2022 ($14,222,165) far exceeding revenue ($3,321,092) without clear explanation in provided data.
- Consistent 0% officer compensation reported, which is unusual for an organization of this scale and warrants further inquiry into executive remuneration practices.
Strengths
The following positive indicators were identified for Volunteers Of America Inc:
- Consistent asset growth from $24,274,303 in 2020 to $32,414,873 in 2023, indicating financial stability and accumulation of resources.
- Positive net assets (Assets exceeding Liabilities) in all reported periods, with liabilities consistently low relative to assets (e.g., $3,437,282 liabilities vs. $32,414,873 assets in 2023).
Frequently Asked Questions about Volunteers Of America Inc
Is Volunteers Of America Inc a legitimate charity?
Volunteers Of America Inc (EIN: 208947208) is a registered tax-exempt nonprofit based in Louisiana. Our AI analysis gives it a Mission Score of 70/100. It has 4 years of IRS 990 filings on record. Total revenue: $3.6M. 2 red flags identified. 2 strengths noted. Financial health grade: A.
How does Volunteers Of America Inc spend its money?
Volunteers Of America Inc directs 75% of its spending to programs and services. Fundraising costs 10%. 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: 208947208). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Volunteers Of America Inc CEO make?
Volunteers Of America Inc's highest-compensated officer earns $30 annually. The organization reported $3.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Volunteers Of America Inc's spending goes to programs?
Volunteers Of America Inc directs 75% to programs, 10% 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 New Orleans, Louisiana and files with the IRS under EIN 208947208.
How many years of IRS 990 filings does Volunteers Of America Inc have?
Volunteers Of America Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $3.6M in total revenue.
What caused the substantial increase in expenses to $14,222,165 in 2022, significantly exceeding revenue?
This anomaly requires a deeper dive into the 2022 financial statements to understand if it was due to a one-time capital expenditure, a major program expansion, or an operational deficit.
How is executive compensation handled if 'Officer Comp' is consistently reported as 0%?
Further investigation is needed to determine if executives are compensated through other means, if they are volunteers, or if this field is not fully representative of all executive remuneration.
What is the organization's strategy for managing revenue fluctuations, such as the drop from $6,737,741 in 2021 to $4,055,890 in 2023?
Understanding the sources of revenue and the strategies for maintaining consistent funding is crucial for long-term financial stability.
Filing History
IRS 990 filing history for Volunteers Of America Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Volunteers Of America Inc's revenue has declined by 38.1%, moving from $6.5M to $4.1M. Total assets increased by 33.5% over the same period, from $24.3M to $32.4M. Total functional expenses fell by 8.4%, from $2.7M to $2.5M. In its most recent filing year (2023), Volunteers Of America Inc reported a surplus of $1.6M, with revenue exceeding expenses. The organization holds $3.4M in liabilities against $32.4M in assets (debt-to-asset ratio: 10.6%), resulting in net assets of $29.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.1M | $2.5M | $32.4M | $3.4M | — | View 990 |
| 2022 | $3.3M | $14.2M | $26.6M | $2.2M | — | View 990 |
| 2021 | $6.7M | $2.3M | $26.3M | $2.5M | — | — |
| 2020 | $6.5M | $2.7M | $24.3M | $4.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.1M, expenses of $2.5M, and assets of $32.4M (revenue +22.1% year-over-year).
- 2022: Revenue of $3.3M, expenses of $14.2M, and assets of $26.6M (revenue -50.7% year-over-year).
- 2021: Revenue of $6.7M, expenses of $2.3M, and assets of $26.3M (revenue +2.9% year-over-year).
- 2020: Revenue of $6.5M, expenses of $2.7M, and assets of $24.3M.
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.