American Legion Post 0019 Thomas W Cole Post
American Legion Post 0019 maintains stable operations with no reported executive compensation.
EIN: 10018923 · Sanford, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $241K |
| Program Spending | 90% |
| Net Assets | $191K |
| Transparency Score | 85/100 |
Is American Legion Post 0019 Thomas W Cole Post Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
American Legion Post 0019 Thomas W Cole Post directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About American Legion Post 0019 Thomas W Cole Post
American Legion Post 0019 Thomas W Cole Post (EIN: 10018923) is a nonprofit organization based in Sanford, ME. The organization reported total revenue of $1.1M and total assets of $232K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of American Legion Post 0019 Thomas W Cole Post's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
American Legion Post 0019 Thomas W Cole Post is a mid-size nonprofit that has been operating for 80 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $241K |
| Total Expenses | $241K |
| Surplus / Deficit | +$295 |
| Total Assets | $196K |
| Total Liabilities | $5K |
| Net Assets | $191K |
| Operating Margin | 0.1% |
| Debt-to-Asset Ratio | 2.3% |
| Months of Reserves | 9.7 months |
Financial Health Grade: A
In 2023, American Legion Post 0019 Thomas W Cole Post reported a surplus of $295 with revenue exceeding expenses, holds 9.7 months of operating reserves (strong position), has a debt-to-asset ratio of 2.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), American Legion Post 0019 Thomas W Cole Post's revenue has grown at a compound annual growth rate (CAGR) of 11.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.3% | +12.0% | +6.0% |
| 2022 | +43.4% | +16.7% | +18.8% |
| 2021 | +7.9% | -14.0% | +18.3% |
| 2020 | -24.6% | -18.6% | -25.3% |
| 2019 | +26.0% | -7.3% | -20.5% |
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 Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates American Legion Post 0019 Thomas W Cole Post 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: 90%
- fundraising: 0%
According to IRS 990 filings, American Legion Post 0019 Thomas W Cole Post allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $295, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through other means not classified as officer compensation, which is highly efficient for a nonprofit of its size.
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 Post 0019 Thomas W Cole Post's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
Strengths
The following positive indicators were identified for American Legion Post 0019 Thomas W Cole Post:
- Consistent IRS 990 filing history (13 filings)
- Zero reported officer compensation across all filings
- Generally stable revenue and expense balance
- Low liabilities in most reporting periods
- Positive asset growth in recent years
Frequently Asked Questions about American Legion Post 0019 Thomas W Cole Post
Is American Legion Post 0019 Thomas W Cole Post a legitimate charity?
Based on AI analysis of IRS 990 filings, American Legion Post 0019 Thomas W Cole Post (EIN: 10018923) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does American Legion Post 0019 Thomas W Cole Post spend its money?
American Legion Post 0019 Thomas W Cole Post directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to American Legion Post 0019 Thomas W Cole Post tax-deductible?
American Legion Post 0019 Thomas W Cole Post is registered as a tax-exempt nonprofit (EIN: 10018923). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is American Legion Post 0019 Thomas W Cole Post located?
American Legion Post 0019 Thomas W Cole Post is headquartered in Sanford, Maine and files with the IRS under EIN 10018923.
How many years of IRS 990 filings does American Legion Post 0019 Thomas W Cole Post have?
American Legion Post 0019 Thomas W Cole Post has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.1M in total revenue.
Is American Legion Post 0019 a good charity?
Based on the provided data, the American Legion Post 0019 appears to be a well-managed organization with stable finances and a strong commitment to its mission, evidenced by zero reported officer compensation and consistent operational balance.
How does the organization manage its liabilities?
The organization generally maintains low liabilities, with most years showing liabilities under $10,000, and a peak of $26,754 in 2021, indicating prudent financial management.
What is the trend in the organization's assets?
Assets have fluctuated but show a general upward trend in recent years, from $131,229 in 2020 to $195,501 in 2023, suggesting growing financial reserves.
Filing History
IRS 990 filing history for American Legion Post 0019 Thomas W Cole Post showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), American Legion Post 0019 Thomas W Cole Post's revenue has grown by 259%, moving from $67K to $241K. Total assets decreased by 7.4% over the same period, from $211K to $196K. Total functional expenses rose by 398.9%, from $48K to $241K. In its most recent filing year (2023), American Legion Post 0019 Thomas W Cole Post reported a surplus of $295, with revenue exceeding expenses. The organization holds $5K in liabilities against $196K in assets (debt-to-asset ratio: 2.3%), resulting in net assets of $191K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $241K | $241K | $196K | $5K | — | — |
| 2022 | $260K | $215K | $185K | $4K | — | View 990 |
| 2021 | $182K | $184K | $155K | $27K | — | View 990 |
| 2020 | $168K | $214K | $131K | $-144 | — | View 990 |
| 2019 | $223K | $263K | $176K | $4K | — | View 990 |
| 2018 | $177K | $284K | $221K | $9K | — | View 990 |
| 2017 | $331K | $240K | $323K | $5K | — | View 990 |
| 2016 | $120K | $77K | $246K | $4K | — | View 990 |
| 2015 | $84K | $106K | $202K | $4K | — | View 990 |
| 2014 | $76K | $109K | $224K | $3K | — | View 990 |
| 2013 | $90K | $76K | $255K | $2K | — | View 990 |
| 2012 | $97K | $66K | $241K | $2K | — | — |
| 2011 | $67K | $48K | $211K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $241K, expenses of $241K, and assets of $196K (revenue -7.3% year-over-year).
- 2022: Revenue of $260K, expenses of $215K, and assets of $185K (revenue +43.4% year-over-year).
- 2021: Revenue of $182K, expenses of $184K, and assets of $155K (revenue +7.9% year-over-year).
- 2020: Revenue of $168K, expenses of $214K, and assets of $131K (revenue -24.6% year-over-year).
- 2019: Revenue of $223K, expenses of $263K, and assets of $176K (revenue +26.0% year-over-year).
- 2018: Revenue of $177K, expenses of $284K, and assets of $221K (revenue -46.4% year-over-year).
- 2017: Revenue of $331K, expenses of $240K, and assets of $323K (revenue +175.2% year-over-year).
- 2016: Revenue of $120K, expenses of $77K, and assets of $246K (revenue +42.5% year-over-year).
- 2015: Revenue of $84K, expenses of $106K, and assets of $202K (revenue +10.9% year-over-year).
- 2014: Revenue of $76K, expenses of $109K, and assets of $224K (revenue -15.7% year-over-year).
- 2013: Revenue of $90K, expenses of $76K, and assets of $255K (revenue -6.8% year-over-year).
- 2012: Revenue of $97K, expenses of $66K, and assets of $241K (revenue +43.8% year-over-year).
- 2011: Revenue of $67K, expenses of $48K, and assets of $211K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for American Legion Post 0019 Thomas W Cole Post:
Data Sources and Methodology
This transparency report for American Legion Post 0019 Thomas W Cole Post 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.