Is Veterans Of Foreign Wars Of The United States Dept Of Maine Legit?

Quick charity verification for Veterans Of Foreign Wars Of The United States Dept Of Maine (EIN: 10233275)

Verdict: Veterans Of Foreign Wars Of The United States Dept Of Maine appears trustworthy

80/100Mission Score

$1.2MRevenue

$374KAssets

2Red Flags

4Strengths

Red Flags

Declining asset base over the past decade, from $598,496 in 201406 to $374,214 in 202306.
Occasional operating deficits, such as in 202206 where expenses exceeded revenue by over $50,000.

Strengths

Consistent reporting of 0% officer compensation, indicating volunteer leadership and potentially lower overhead.
Very low liabilities, reported at $2,301 in 202306, demonstrating strong debt management.
Consistent filing of IRS Form 990s, indicating good transparency.
Recent financial period (202306) showed a surplus of revenue over expenses ($308,886 vs. $283,289).

Spending Breakdown

How Veterans Of Foreign Wars Of The United States Dept Of Maine allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Dept Of Maine

Is Veterans Of Foreign Wars Of The United States Dept Of Maine a legitimate charity?

Based on AI analysis of IRS 990 filings, Veterans Of Foreign Wars Of The United States Dept Of Maine (EIN: 10233275) appears trustworthy. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.

Is Veterans Of Foreign Wars Of The United States Dept Of Maine a good charity to donate to?

Veterans Of Foreign Wars Of The United States Dept Of Maine has a Mission Score of 80/100. Revenue: $1.2M. Assets: $374K. 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 Dept Of Maine?

The Employer Identification Number (EIN) for Veterans Of Foreign Wars Of The United States Dept Of Maine is 10233275. 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 Dept Of Maine spend its money?

Veterans Of Foreign Wars Of The United States Dept Of Maine allocates 85% to programs, 10% 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 Dept Of Maine's tax-exempt status?

You can verify Veterans Of Foreign Wars Of The United States Dept Of Maine's tax-exempt status using EIN 10233275 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 Dept Of Maine demonstrates consistent financial activity, with revenues and expenses generally in a similar range over the past decade. In the most recent filing (202306), the organization reported revenues of $308,886 against expenses of $283,289, indicating a slight surplus for the period. However, a review of prior years shows several periods where expenses exceeded revenue, such as in 202206 ($254,416 revenue vs. $311,411 expenses) and 202106 ($294,094 revenue vs. $322,473 expenses). This suggests that while the organization is generally stable, it occasionally operates with a deficit.

The organization's assets have shown a declining trend over the past decade, from $598,496 in 201406 to $374,214 in 202306, though there was a slight increase from $348,168 in 202206. Liabilities have remained relatively low, peaking at $62,794 in 201406 and significantly decreasing to $2,301 in 202306, which is a positive indicator of financial management. The consistent reporting of 0% officer compensation across all available filings suggests a volunteer-driven leadership structure, which can contribute to lower administrative costs and higher program efficiency. Without detailed expense breakdowns (program, administrative, fundraising), a precise assessment of spending efficiency is challenging, but the lack of paid executive compensation is a strong positive.

Transparency is generally good given the consistent filing of IRS Form 990s. However, the NTEE code being 'Unknown' could indicate a lack of specific categorization, which might make it harder for potential donors to understand its exact programmatic focus at a glance. The overall financial picture suggests a stable, albeit modestly sized, organization that manages its liabilities well and relies on unpaid leadership, which are positive attributes for a nonprofit.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.