AI Transparency Report
The American Legion, EIN 135609522, demonstrates a generally stable financial position with assets consistently exceeding liabilities, reaching $12,063,924 in 2023 against $2,133,321 in liabilities. Revenue has fluctuated over the past decade, with a notable peak of $4,335,365 in 2018 and a recent high of $3,628,404 in 2023. The organization's expenses have largely tracked revenue, with some periods showing expenses slightly exceeding revenue, such as in 2023 where expenses were $3,701,444 against $3,628,404 in revenue, indicating a slight operational deficit for that year. However, the overall trend suggests a capacity to manage its financial obligations.
Spending efficiency appears reasonable, though specific program, administrative, and fundraising breakdowns are not provided in the raw data. The consistent reporting of 0% officer compensation across all available filings is a significant indicator of transparency and a commitment to minimizing overhead related to executive pay. This practice suggests that leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is a positive sign for donor confidence.
The organization's financial health is solid, supported by a healthy asset base. While there are periods of operational deficits, the long-term trend of asset growth from $8,689,911 in 2015 to $12,063,924 in 2023 indicates prudent financial management and an ability to build reserves. The consistent filing of IRS Form 990s over 13 periods further underscores a commitment to regulatory compliance and transparency.