American Legion

American Legion in Waldoboro, ME, maintains stable finances with volunteer leadership and no debt.

EIN: 16029207 · Waldoboro, ME · Updated: 2026-03-28

$90KRevenue

$45KAssets

85/100Mission Score (Excellent)

About American Legion

American Legion (EIN: 16029207) is a nonprofit organization based in Waldoboro, ME. The organization reported total revenue of $90K and total assets of $45K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of American Legion's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The American Legion in Waldoboro, ME, appears to be a small, community-focused organization with a consistent financial history. Over the past decade, its revenue has generally trended upwards, from $18,170 in 2014 to $40,942 in 2022, with a peak of $47,779 in 2021. The organization consistently reports zero liabilities, indicating a healthy balance sheet and responsible financial management, avoiding debt. Assets have also shown steady growth, from $5,669 in 2014 to $36,819 in 2022, demonstrating an accumulation of resources over time.

Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, as the provided data only gives total expenses. However, the organization's expenses generally align with or are slightly below its revenue in most years, suggesting it operates within its means. For instance, in 2022, revenue was $40,942 against expenses of $37,666. The consistent reporting of 0% officer compensation across all filings indicates that the organization is likely volunteer-run at the leadership level, which is a strong positive for ensuring funds are directed towards its mission rather than executive salaries. This also contributes positively to its transparency, as it clearly discloses no compensation for its officers.

Overall, the American Legion in Waldoboro, ME, demonstrates financial stability and a commitment to its mission, as evidenced by its debt-free status and volunteer leadership. While a detailed spending breakdown would enhance transparency, the available data suggests a well-managed, community-oriented nonprofit.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates American Legion with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, American Legion allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that the organization's officers are unpaid volunteers. This is a significant positive, as it ensures all funds are directed towards the organization's mission rather than leadership salaries, especially for an organization of its size with latest revenue of $90,472.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of American Legion's IRS 990 filings:

Lack of detailed program vs. administrative spending breakdown in provided data

Strengths

The following positive indicators were identified for American Legion:

Consistent 0% officer compensation, indicating volunteer leadership
Zero liabilities reported across all filings, demonstrating financial prudence
Steady growth in assets over the past decade, from $5,669 in 2014 to $36,819 in 2022
Expenses generally managed within revenue, indicating responsible financial operations

Frequently Asked Questions about American Legion

Is the American Legion in Waldoboro, ME, financially stable?

Yes, the organization appears financially stable, consistently reporting zero liabilities and growing assets from $5,669 in 2014 to $36,819 in 2022. Its expenses generally align with or are below its revenue.

Does this organization pay its officers?

No, the IRS 990 filings consistently show 0% officer compensation, indicating that the leadership operates on a volunteer basis.

How has the organization's revenue trended over the past decade?

The organization's revenue has generally trended upwards over the past decade, from $18,170 in 2014 to $40,942 in 2022, with some fluctuations.

Filing History

IRS 990 filing history for American Legion showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2011–2022), American Legion's revenue has grown by 92.6%, moving from $21K to $41K. Total assets increased by 566.6% over the same period, from $6K to $37K. Total functional expenses rose by 94.1%, from $19K to $38K. In its most recent filing year (2022), American Legion reported a surplus of $3K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2022	$41K	$38K	$37K	$0	—	—
2021	$48K	$59K	$34K	$0	—	—
2020	$33K	$30K	$45K	$0	—	View 990
2019	$43K	$34K	$42K	$0	—	View 990
2018	$39K	$28K	$33K	$0	—	View 990
2017	$25K	$18K	$22K	$0	—	View 990
2016	$23K	$17K	$16K	$0	—	View 990
2015	$22K	$19K	$9K	$0	—	View 990
2014	$18K	$19K	$6K	$0	—	View 990
2013	$22K	$22K	$7K	$0	—	View 990
2012	$34K	$32K	$7K	$0	—	View 990
2011	$21K	$19K	$6K	$0	—	View 990

Year-by-Year Financial Summary

2022: Revenue of $41K, expenses of $38K, and assets of $37K (revenue -14.3% year-over-year).
2021: Revenue of $48K, expenses of $59K, and assets of $34K (revenue +44.4% year-over-year).
2020: Revenue of $33K, expenses of $30K, and assets of $45K (revenue -23.0% year-over-year).
2019: Revenue of $43K, expenses of $34K, and assets of $42K (revenue +10.7% year-over-year).
2018: Revenue of $39K, expenses of $28K, and assets of $33K (revenue +58.4% year-over-year).
2017: Revenue of $25K, expenses of $18K, and assets of $22K (revenue +4.7% year-over-year).
2016: Revenue of $23K, expenses of $17K, and assets of $16K (revenue +5.9% year-over-year).
2015: Revenue of $22K, expenses of $19K, and assets of $9K (revenue +21.6% year-over-year).
2014: Revenue of $18K, expenses of $19K, and assets of $6K (revenue -15.9% year-over-year).
2013: Revenue of $22K, expenses of $22K, and assets of $7K (revenue -35.7% year-over-year).
2012: Revenue of $34K, expenses of $32K, and assets of $7K (revenue +58.0% year-over-year).
2011: Revenue of $21K, expenses of $19K, and assets of $6K.

Data Sources and Methodology

This transparency report for American Legion is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

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