American Legion 56 Home Association
EIN: 56015403 · Providence, RI
| Metric | Value |
|---|---|
| Total Expenses | $7K |
| Net Assets | $166K |
Is American Legion 56 Home Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About American Legion 56 Home Association
American Legion 56 Home Association (EIN: 56015403) is a nonprofit organization based in Providence, RI. The organization reported total revenue of $0 and total assets of $151K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of American Legion 56 Home Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
American Legion 56 Home Association is a micro nonprofit that has been operating for 80 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 54.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $17K |
| Total Expenses | $7K |
| Surplus / Deficit | +$10K |
| Total Assets | $166K |
| Net Assets | $166K |
| Operating Margin | 56.6% |
| Months of Reserves | 265.8 months |
Financial Health Grade: A
In 2023, American Legion 56 Home Association reported a surplus of $10K with revenue exceeding expenses, holds 265.8 months of operating reserves (strong position).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1946 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for American Legion 56 Home Association has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates American Legion 56 Home Association with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $10K, with revenue exceeding expenses.
Frequently Asked Questions about American Legion 56 Home Association
Is American Legion 56 Home Association a legitimate charity?
American Legion 56 Home Association (EIN: 56015403) is a registered tax-exempt nonprofit based in Rhode Island. It has 12 years of IRS 990 filings on record. No red flags identified. Financial health grade: A.
How does American Legion 56 Home Association spend its money?
American Legion 56 Home Association reported its financials in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to American Legion 56 Home Association tax-deductible?
American Legion 56 Home Association is registered as a tax-exempt nonprofit (EIN: 56015403). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is American Legion 56 Home Association located?
American Legion 56 Home Association is headquartered in Providence, Rhode Island and files with the IRS under EIN 56015403.
How many years of IRS 990 filings does American Legion 56 Home Association have?
American Legion 56 Home Association has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for American Legion 56 Home Association showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), American Legion 56 Home Association's revenue has grown by 12186.4%, moving from $140 to $17K. Total assets decreased by 46.8% over the same period, from $311K to $166K. Total functional expenses fell by 36%, from $12K to $7K. In its most recent filing year (2023), American Legion 56 Home Association reported a surplus of $10K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $17K | $7K | $166K | $0 | — | — |
| 2022 | $0 | $20K | $156K | $0 | — | — |
| 2021 | $0 | $9K | $176K | $0 | — | — |
| 2020 | $0 | $11K | $185K | $0 | — | View 990 |
| 2019 | $0 | $10K | $196K | $0 | — | View 990 |
| 2018 | $0 | $12K | $207K | $0 | — | View 990 |
| 2017 | $4 | $17K | $219K | $0 | — | View 990 |
| 2016 | $8 | $17K | $236K | $0 | — | View 990 |
| 2015 | $28 | $21K | $253K | $0 | — | View 990 |
| 2014 | $57 | $20K | $274K | $0 | — | View 990 |
| 2013 | $65 | $17K | $294K | $0 | — | View 990 |
| 2012 | $140 | $12K | $311K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $17K, expenses of $7K, and assets of $166K.
- 2022: Revenue of $0, expenses of $20K, and assets of $156K.
- 2021: Revenue of $0, expenses of $9K, and assets of $176K.
- 2020: Revenue of $0, expenses of $11K, and assets of $185K.
- 2019: Revenue of $0, expenses of $10K, and assets of $196K.
- 2018: Revenue of $0, expenses of $12K, and assets of $207K (revenue -100.0% year-over-year).
- 2017: Revenue of $4, expenses of $17K, and assets of $219K (revenue -50.0% year-over-year).
- 2016: Revenue of $8, expenses of $17K, and assets of $236K (revenue -71.4% year-over-year).
- 2015: Revenue of $28, expenses of $21K, and assets of $253K (revenue -50.9% year-over-year).
- 2014: Revenue of $57, expenses of $20K, and assets of $274K (revenue -12.3% year-over-year).
- 2013: Revenue of $65, expenses of $17K, and assets of $294K (revenue -53.6% year-over-year).
- 2012: Revenue of $140, expenses of $12K, and assets of $311K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for American Legion 56 Home Association:
Data Sources and Methodology
This transparency report for American Legion 56 Home Association 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.