Quick charity verification for Amvets (EIN: 10356261)
Verdict: Amvets appears trustworthy
90/100Mission Score
$1.6MRevenue
$368KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent financial surpluses, with revenues exceeding expenses in most years (e.g., $279,317 revenue vs. $246,864 expenses in 2023).
Steady growth in assets, increasing from $136,538 in 2014 to $344,153 in 2023.
Zero reported liabilities in recent filings (e.g., $0 in 2023, 2022, 2021, 2020, 2019, 2017, 2016, 2015, 2014).
0% officer compensation reported across all available filings, indicating efficient use of funds and potentially volunteer leadership.
Strong financial stability and ability to build reserves over time.
Spending Breakdown
How Amvets allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Amvets
Is Amvets a legitimate charity?
Based on AI analysis of IRS 990 filings, Amvets (EIN: 10356261) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Amvets a good charity to donate to?
Amvets has a Mission Score of 90/100. Revenue: $1.6M. Assets: $368K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Amvets?
The Employer Identification Number (EIN) for Amvets is 10356261. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Amvets spend its money?
Amvets allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Amvets's tax-exempt status?
You can verify Amvets's tax-exempt status using EIN 10356261 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Amvets, located in Yarmouth, ME, demonstrates consistent financial stability with a positive trend in assets and revenue over the past decade. In the latest filing (202306), the organization reported revenues of $279,317 against expenses of $246,864, indicating a healthy surplus. Their assets have steadily grown from $136,538 in 2014 to $344,153 in 2023, with no reported liabilities in recent years, suggesting strong financial management and a solid balance sheet. The organization's financial health appears robust, with a consistent ability to cover expenses and build reserves.
Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to provide a precise efficiency ratio. However, the consistent surpluses and lack of officer compensation reported across all filings suggest that a significant portion of funds is likely directed towards their mission rather than overhead or executive salaries. The absence of officer compensation is a notable positive indicator for spending efficiency and donor trust.
Transparency is generally good, as evidenced by the regular filing of IRS Form 990s. The consistent reporting of zero officer compensation across all available filings enhances their transparency profile, indicating that leadership is likely volunteer-based or compensated through other means not classified as officer compensation, which is a strong positive for a nonprofit.