Is Veterans Of Foreign Wars Of The United States Department Of Maine Legit?
Quick charity verification for Veterans Of Foreign Wars Of The United States Department Of Maine (EIN: 10392708)
Verdict: Veterans Of Foreign Wars Of The United States Department Of Maine appears trustworthy
85/100Mission Score
$147KRevenue
$196KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth, from $175,856 in 2014 to $199,674 in 2023, indicating strong financial management.
Zero liabilities reported across all filings, demonstrating excellent financial health and low risk.
0% officer compensation, suggesting a volunteer-driven leadership and efficient use of funds for mission-related activities.
Positive net income in most years, indicating the ability to cover expenses and build reserves.
Strong financial transparency through consistent IRS 990 filings.
Spending Breakdown
How Veterans Of Foreign Wars Of The United States Department Of Maine 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 Veterans Of Foreign Wars Of The United States Department Of Maine
Is Veterans Of Foreign Wars Of The United States Department Of Maine a legitimate charity?
Based on AI analysis of IRS 990 filings, Veterans Of Foreign Wars Of The United States Department Of Maine (EIN: 10392708) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
Is Veterans Of Foreign Wars Of The United States Department Of Maine a good charity to donate to?
Veterans Of Foreign Wars Of The United States Department Of Maine has a Mission Score of 85/100. Revenue: $147K. Assets: $196K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Veterans Of Foreign Wars Of The United States Department Of Maine?
The Employer Identification Number (EIN) for Veterans Of Foreign Wars Of The United States Department Of Maine is 10392708. 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 Veterans Of Foreign Wars Of The United States Department Of Maine spend its money?
Veterans Of Foreign Wars Of The United States Department Of Maine allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Veterans Of Foreign Wars Of The United States Department Of Maine's tax-exempt status?
You can verify Veterans Of Foreign Wars Of The United States Department Of Maine's tax-exempt status using EIN 10392708 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
Veterans Of Foreign Wars Of The United States Department Of Maine demonstrates consistent financial stability with a healthy asset base relative to its revenue. Over the past decade, the organization has maintained positive net assets, growing from $175,856 in 2014 to $199,674 in 2023, indicating sound financial management and accumulation of resources. The organization's revenue has shown significant fluctuation, with a notable increase in the most recent periods, reaching $52,912 in 2023 from a low of $12,263 in 2016. This suggests varying levels of fundraising success or other income generation.
Spending efficiency appears strong, as the organization consistently reports zero officer compensation, implying that leadership is likely volunteer-based, which maximizes resources for programmatic activities. With no liabilities reported across all filings, the organization maintains a very low-risk financial profile. The absence of detailed expense breakdowns in the provided data makes a precise assessment of program versus administrative spending challenging, but the overall financial health, marked by asset growth and no debt, is positive.
Transparency is generally good given the public availability of 990 filings. However, without a detailed breakdown of expenses beyond total expenses, it's difficult to fully ascertain the exact allocation of funds towards programs, administration, and fundraising. The consistent reporting of zero liabilities and officer compensation are strong indicators of responsible financial stewardship and a focus on mission.