Volunteers of America meets the 20 Standards for Charity Accountability.
Volunteers of America (VOA) reports that it is a faith-based organization dedicated to helping those in need live healthy, safe, and productive lives. The organization works to support America?s most vulnerable groups, including veterans, seniors, people with disabilities, at-risk youth, men and women returning from prison, homeless individuals and families, and individuals recovering from addictions. VOA states that it operates programs in more than 400 communities across 46 states, serving more than 1.5 million individuals annually. Programs offered include affordable housing, behavioral and mental health services, community outreach and investment services, correctional re-entry services, family-focused treatment, senior services, and substance abuse disorders. The organization distributes grants to its local affiliates, VOA National Services, and related housing and healthcare entities that offer VOA's programs to address local community needs. In 2019, the organization reports that it assisted 27,000 veterans, delivered nursing care and assisted living services to 8,000 seniors, and housed 25,000 individuals in more than 500 affordable housing properties.
For the year ended June 30, 2020, Volunteers of America's program expenses were:
Fostering independence |
$268,280,000 |
Promoting self sufficiency |
$59,650,000 |
Total Program Expenses: |
$327,930,000 |
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Chief Executive
Michael W. King, President and Chief Executive Officer
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Compensation*
$615,490
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Chair of the Board
Jerry Langley
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Chair's Profession / Business Affiliation
Emeritus Teaching Professor, University of Notre Dame
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Board Size
22
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Paid Staff Size
179
*2019 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Invitations to fund raising events, Planned giving arrangements, Cause- related marketing (affinity credit cards, consumer product sales, etc.), Other
Fundraising costs were 3% of related contributions. (Related contributions, which totaled $58,607,000 are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c) (3) of the Internal Revenue Code.It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Volunteers of America's audited financial statements - consolidated for the year ended June 30, 2020.
Source of Funds |
Resident service income |
$229,271,000 |
Government grants and contracts |
$39,336,000 |
Program fees |
$27,780,000 |
Administrative income from local offices |
$14,580,000 |
Other income |
$14,094,000 |
In-kind contributions |
$12,784,000 |
Contributions |
$6,487,000 |
Interest and dividend income |
$3,012,000 |
Realized and unrealized loss on investments |
($386,000) |
Total Income |
$334,677,000 |
- Programs: 92%
- Administrative: 8%
- Fundraising: Less than 1%
Total Income |
$334,677,000 |
Program expenses |
$327,930,000 |
Fundraising expenses |
$1,598,000 |
Administrative expenses |
$29,710,000 |
Other expenses |
$0 |
Total expenses: |
$359,238,000 |
Income in Excess of Expenses |
$-24,561,000 |
Beginning Net Assets |
$358,902,000 |
Other Changes In Net Assets |
$15,303,000 |
Ending Net Assets |
$349,644,000 |
Total Liabilities |
$762,303,000 |
Total Assets |
$1,111,947,000 |
Note 1: As noted in the above financial section, "other changes in net assets" refers to equity contributions related to limited and general partnerships ($10,565,000), other non-operating income ($4,500,000), and discontibued operations (-$62,000).
Note 2: According to VOA's audited financial statements for the year ended June 30, 2020, the organization received $6,487,000 in contributed goods and services including professional services and public service advertising ($6,423,000), miscellaneous goods ($45,000), and miscellaneous good participating with local offices ($19,000).