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: 16026691)

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

95/100Mission Score
$328KRevenue
$669KAssets
0Red Flags
5Strengths

No red flags identified.

Strengths

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: 16026691) appears trustworthy. Mission Score: 95/100. 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 95/100. Revenue: $328K. Assets: $669K. 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 16026691. 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 16026691 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 stability and a strong commitment to its mission, as evidenced by its IRS 990 filings. The organization has shown a positive trend in revenue growth, with the latest reported revenue at $139,032 for the period ending 202312, a significant increase from $53,994 in 202012. Expenses have generally remained well below revenue, indicating efficient management of resources. For instance, in 202312, expenses were $77,383 against $139,032 in revenue, leading to a substantial surplus. The organization's assets have also steadily grown, reaching $645,762 in 202312, with liabilities consistently reported at $0 in recent years, suggesting a very healthy balance sheet and minimal financial risk. The organization's spending efficiency appears high, given the consistent surpluses and asset growth. The absence of reported officer compensation across all available filings indicates that leadership is likely volunteer-based, which significantly reduces administrative overhead and maximizes funds available for programs. This practice enhances the organization's financial health and demonstrates a strong dedication to its cause. The consistent filing of IRS 990 forms over 14 periods also points to a good level of transparency and adherence to regulatory requirements, allowing public scrutiny of its financial operations. Overall, Veterans Of Foreign Wars Of The United States Dept Of Maine appears to be a financially sound and well-managed nonprofit. Its consistent revenue growth, prudent expense management, increasing asset base, and lack of officer compensation all contribute to a positive assessment of its financial health and operational efficiency. The organization's transparency through regular IRS filings further solidifies its credibility.

View Full Transparency Report →

Disclaimer

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

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