American Legion Cobscook Post 59

American Legion Cobscook Post 59 shows consistent revenue growth and strong asset accumulation with no reported liabilities and volunteer leadership.

EIN: 16017559 · Pembroke, ME · Updated: 2026-03-28

$97KRevenue

$138KAssets

85/100Mission Score (Excellent)

About American Legion Cobscook Post 59

American Legion Cobscook Post 59 (EIN: 16017559) is a nonprofit organization based in Pembroke, ME. The organization reported total revenue of $97K and total assets of $138K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of American Legion Cobscook Post 59's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

American Legion Cobscook Post 59 demonstrates consistent financial health with a positive trend in revenue and assets over the past six years. The organization's revenue has grown significantly from $13,504 in 2018 to $48,667 in 2023, with total assets increasing from $83,500 to $126,365 in the same period. This indicates effective financial management and growth. The absence of reported liabilities across all filings suggests a very strong balance sheet and prudent financial practices, minimizing financial risk.

Regarding spending efficiency, the organization consistently spends less than its revenue, allowing for asset accumulation. For example, in 2023, expenses were $32,178 against revenues of $48,667. Without a detailed breakdown of program, administrative, and fundraising expenses in the provided data, a precise efficiency ratio cannot be calculated. However, the consistent growth in assets suggests that a portion of revenue is being retained and reinvested, potentially for future programmatic activities or operational stability. The lack of officer compensation reported across all periods is a significant indicator of volunteer-driven leadership, which can contribute to lower administrative costs and higher efficiency.

Transparency is generally good given the consistent filing of IRS Form 990s. The absence of officer compensation is a positive transparency signal, indicating that leadership is not drawing salaries from the organization. However, without a detailed functional expense breakdown (program, admin, fundraising), the full picture of how funds are allocated remains somewhat opaque. Further detail on program activities and related expenses would enhance transparency and allow for a more precise assessment of program impact.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates American Legion Cobscook Post 59 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: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, American Legion Cobscook Post 59 allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 leadership is entirely volunteer-based, which is highly efficient for an organization of its size with latest revenue of $48,667.

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 Cobscook Post 59's IRS 990 filings:

Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data, limiting precise efficiency analysis.

Strengths

The following positive indicators were identified for American Legion Cobscook Post 59:

Consistent revenue growth over six years, from $13,504 in 2018 to $48,667 in 2023.
Strong asset accumulation, increasing from $83,500 in 2018 to $126,365 in 2023.
No reported liabilities across all filing periods, indicating excellent financial health and low risk.
0% officer compensation, demonstrating volunteer-driven leadership and efficient use of funds.
Expenses consistently lower than revenue, allowing for asset growth and financial stability.

Frequently Asked Questions about American Legion Cobscook Post 59

Is American Legion Cobscook Post 59 financially stable?

Yes, the organization appears financially stable, demonstrating consistent revenue growth from $13,504 in 2018 to $48,667 in 2023, and a healthy increase in assets from $83,500 to $126,365 over the same period, with no reported liabilities.

Does American Legion Cobscook Post 59 pay its officers?

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

How has the organization's revenue trended over time?

The organization's revenue has shown a strong upward trend, increasing from $13,504 in 2018 to $48,667 in 2023, with a peak of $61,446 in 2022.

Filing History

IRS 990 filing history for American Legion Cobscook Post 59 showing financial trends over 6 years of public records:

Over 6 years of IRS 990 filings (2018–2023), American Legion Cobscook Post 59's revenue has grown by 260.4%, moving from $14K to $49K. Total assets increased by 51.3% over the same period, from $84K to $126K. Total functional expenses rose by 310%, from $8K to $32K. In its most recent filing year (2023), American Legion Cobscook Post 59 reported a surplus of $16K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$49K	$32K	$126K	$0	—	—
2022	$61K	$40K	$110K	$0	—	View 990
2021	$32K	$24K	$88K	$0	—	View 990
2020	$25K	$15K	$81K	$0	—	View 990
2019	$29K	$21K	$84K	$0	—	View 990
2018	$14K	$8K	$84K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $49K, expenses of $32K, and assets of $126K (revenue -20.8% year-over-year).
2022: Revenue of $61K, expenses of $40K, and assets of $110K (revenue +95.0% year-over-year).
2021: Revenue of $32K, expenses of $24K, and assets of $88K (revenue +23.7% year-over-year).
2020: Revenue of $25K, expenses of $15K, and assets of $81K (revenue -13.3% year-over-year).
2019: Revenue of $29K, expenses of $21K, and assets of $84K (revenue +117.5% year-over-year).
2018: Revenue of $14K, expenses of $8K, and assets of $84K.

Data Sources and Methodology

This transparency report for American Legion Cobscook Post 59 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.