Volunteers Of America Inc
Volunteers of America: Stable Revenue, Declining Assets
EIN: 222359486 · Alexandria, VA · NTEE: L21Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $1.3M |
| Program Spending | 70% |
| Net Assets | $-1,436,127 |
| 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 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Volunteers Of America Inc
Volunteers Of America Inc (EIN: 222359486) is a nonprofit organization based in Alexandria, VA, classified under NTEE code L21Z. The organization reported total revenue of $1.5M and total assets of $3.0M 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 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$170K |
| Total Assets | $3.3M |
| Total Liabilities | $4.8M |
| Net Assets | $-1,436,127 |
| Operating Margin | 11.5% |
| Debt-to-Asset Ratio | 143.3% |
| Months of Reserves | 30.4 months |
Financial Health Grade: A
In 2024, Volunteers Of America Inc reported a surplus of $170K with revenue exceeding expenses, holds 30.4 months of operating reserves (strong position), has a debt-to-asset ratio of 143.3% (high 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 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +2.4% | -8.7% | +1.4% |
| 2023 | +4.9% | +2.8% | -4.0% |
| 2022 | +3.3% | +3.7% | -4.4% |
| 2021 | +1.8% | -13.6% | -2.5% |
| 2020 | -0.7% | +21.9% | -2.9% |
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: 70%
- fundraising: 15%
According to IRS 990 filings, Volunteers Of America Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $170K, with revenue exceeding expenses.
- Debt-to-asset ratio: 143.3%.
Executive Compensation Analysis
Executive compensation cannot be assessed from the provided data, as specific compensation figures for executives are not included in the financial summary.
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:
- Total assets have shown a consistent decline from $3,763,151 in 2019 to $3,044,240 in 2024.
- Expenses have fluctuated, with a notable increase in 2020 to $1,552,669, exceeding revenue for that year.
Strengths
The following positive indicators were identified for Volunteers Of America Inc:
- Revenue has remained relatively stable over the past several years, hovering around $1.3M - $1.5M annually.
- The organization has maintained a positive net asset position, despite declining total assets.
- Consistent annual financial filings demonstrate a commitment to financial reporting.
Frequently Asked Questions about Volunteers Of America Inc
Is Volunteers Of America Inc a legitimate charity?
Volunteers Of America Inc (EIN: 222359486) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.5M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Volunteers Of America Inc spend its money?
Volunteers Of America Inc directs 70% of its spending to programs and services. Fundraising costs 15%. This meets 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: 222359486). 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 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Volunteers Of America Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Volunteers Of America Inc is above average for NTEE category L21Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Volunteers Of America Inc located?
Volunteers Of America Inc is headquartered in Alexandria, Virginia and files with the IRS under EIN 222359486. It is classified under NTEE code L21Z.
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 $1.5M in total revenue.
What does Volunteers Of America Inc do?
Volunteers Of America Inc is a nonprofit organization in the Housing & Shelter sector, located in Alexandria, Virginia. It is classified under NTEE code L21Z.
How much revenue does Volunteers Of America Inc have?
Volunteers Of America Inc reported total revenue of $1,530,254. Based on 13 IRS 990 filings on record.
What are Volunteers Of America Inc's total assets?
Volunteers Of America Inc holds total assets of $3,044,240 as reported in IRS 990 filings.
Where is Volunteers Of America Inc located?
Volunteers Of America Inc is based in Alexandria, Virginia.
What is Volunteers Of America Inc's EIN?
Volunteers Of America Inc's Employer Identification Number (EIN) is 222359486. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Volunteers Of America Inc?
Volunteers Of America Inc is classified under NTEE code L21Z (Housing & Shelter).
Is Volunteers Of America Inc a registered 501(c)(3)?
Yes, Volunteers Of America Inc is recognized as a tax-exempt organization by the IRS. EIN: 222359486.
Does Volunteers Of America Inc file IRS Form 990?
Yes, Volunteers Of America Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Volunteers Of America Inc's revenue in 2024?
In the 202406 filing period, Volunteers Of America Inc reported total revenue of $1,477,123, total expenses of $1,306,798, and net assets of $3,315,722.
Is Volunteers Of America Inc's revenue growing or declining?
Volunteers Of America Inc's revenue is relatively stable. Revenue went from $1,442,496 (202306) to $1,477,123 (202406), a +2.4% change. Based on 13 filings on record.
What is Volunteers Of America Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Volunteers Of America Inc covers tax period 202406. It shows revenue of $1,477,123, expenses of $1,306,798, total assets of $3,315,722, and liabilities of $4,751,849.
How much does Volunteers Of America Inc spend on programs vs administration?
Based on IRS 990 analysis, Volunteers Of America Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Volunteers Of America Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Volunteers Of America Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Volunteers Of America Inc?
The following concerns were identified: Total assets have shown a consistent decline from $3,763,151 in 2019 to $3,044,240 in 2024.. Expenses have fluctuated, with a notable increase in 2020 to $1,552,669, exceeding revenue for that year.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Volunteers Of America Inc's strengths?
Positive indicators for Volunteers Of America Inc include: Revenue has remained relatively stable over the past several years, hovering around $1.3M - $1.5M annually.. The organization has maintained a positive net asset position, despite declining total assets.. Consistent annual financial filings demonstrate a commitment to financial reporting.. These findings are derived from AI analysis of the organization's financial filings.
How does Volunteers Of America Inc compensate executives?
Executive compensation cannot be assessed from the provided data, as specific compensation figures for executives are not included in the financial summary. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors are contributing to the consistent decline in total assets over the past five years, from $3,763,151 in 2019 to $3,044,240 in 2024?
Without more detailed financial statements, it's difficult to pinpoint exact causes, but potential factors could include depreciation of fixed assets, strategic divestments, or operating deficits in certain years that draw down reserves. The provided data shows expenses exceeding revenue in 2020, which would contribute to asset reduction.
Given the relatively stable revenue, how is the organization managing its long-term liabilities, which have also shown some fluctuation?
While revenue is stable, the provided data doesn't offer enough detail on the composition of liabilities or how they are being serviced. A deeper dive into the balance sheet would be needed to understand the management of long-term debt and other obligations in relation to the organization's cash flow and asset base.
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 19.6%, moving from $1.2M to $1.5M. Total assets decreased by 24.7% over the same period, from $4.4M to $3.3M. Total functional expenses rose by 5.1%, from $1.2M to $1.3M. In its most recent filing year (2024), Volunteers Of America Inc reported a surplus of $170K, with revenue exceeding expenses. The organization holds $4.8M in liabilities against $3.3M in assets (debt-to-asset ratio: 143.3%), resulting in net assets of $-1,436,127.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.5M | $1.3M | $3.3M | $4.8M | — | View 990 |
| 2023 | $1.4M | $1.4M | $3.3M | $4.9M | — | View 990 |
| 2022 | $1.4M | $1.4M | $3.4M | $5.0M | — | View 990 |
| 2021 | $1.3M | $1.3M | $3.6M | $5.2M | — | View 990 |
| 2020 | $1.3M | $1.6M | $3.7M | $5.2M | — | View 990 |
| 2019 | $1.3M | $1.3M | $3.8M | $5.1M | — | View 990 |
| 2018 | $1.3M | $1.2M | $3.7M | $5.1M | — | — |
| 2017 | $1.3M | $1.2M | $3.7M | $5.2M | — | View 990 |
| 2016 | $1.3M | $1.3M | $3.9M | $5.5M | — | View 990 |
| 2015 | $1.2M | $1.3M | $4.1M | $5.7M | — | View 990 |
| 2014 | $1.2M | $1.3M | $4.2M | $5.6M | — | View 990 |
| 2013 | $1.3M | $1.3M | $4.3M | $5.7M | — | View 990 |
| 2012 | $1.2M | $1.2M | $4.4M | $5.8M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.5M, expenses of $1.3M, and assets of $3.3M (revenue +2.4% year-over-year).
- 2023: Revenue of $1.4M, expenses of $1.4M, and assets of $3.3M (revenue +4.9% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.4M, and assets of $3.4M (revenue +3.3% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.3M, and assets of $3.6M (revenue +1.8% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.6M, and assets of $3.7M (revenue -0.7% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.3M, and assets of $3.8M (revenue +0.9% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.2M, and assets of $3.7M (revenue +0.8% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.2M, and assets of $3.7M (revenue +3.2% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.3M, and assets of $3.9M (revenue +0.8% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.3M, and assets of $4.1M (revenue -0.4% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.3M, and assets of $4.2M (revenue -1.3% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.3M, and assets of $4.3M (revenue +2.4% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.2M, and assets of $4.4M.
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.