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: 10344591)
Verdict: Veterans Of Foreign Wars Of The United States Dept Of Maine appears trustworthy
90/100Mission Score
$115KRevenue
$168KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent 0% officer compensation, maximizing funds for mission.
Stable asset base, consistently above $150,000.
Low and decreasing liabilities, indicating strong financial health.
Regular and consistent IRS 990 filing history, demonstrating transparency.
Expenses generally align with revenue, showing responsible financial management.
Spending Breakdown
How Veterans Of Foreign Wars Of The United States Dept Of Maine allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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: 10344591) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 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 90/100. Revenue: $115K. Assets: $168K. 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 10344591. 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 90% to programs, 10% to administration, and 0% 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 10344591 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 balancing out over the past decade. For instance, in the 202406 period, revenue was $31,952 and expenses were $31,952, indicating a break-even operation. The organization maintains a stable asset base, consistently around $150,000-$170,000, with current assets at $167,601. Liabilities have fluctuated but are relatively low compared to assets, standing at $5,767 in the latest filing, suggesting good financial solvency.
The organization's spending efficiency appears to be strong, particularly given the reported 0% officer compensation across all available filings. This indicates that leadership is not drawing salaries, which can free up more funds for programmatic activities. While specific program spending details are not provided in the summary data, the absence of executive compensation is a positive indicator for donor confidence. The consistent filing of IRS 990 forms over 13 periods also points to a commitment to transparency.
Overall, the organization appears to be a well-managed entity with stable finances and a clear commitment to its mission, as evidenced by its operational consistency and lack of executive compensation. Its ability to maintain assets and manage liabilities effectively, even with fluctuating revenues, suggests a prudent approach to financial stewardship.