American Legion Post 0548 Walcott
EIN: 420626950 · Walcott, IA
| Metric | Value |
|---|---|
| Total Revenue | $110K |
| Total Expenses | $64K |
| Net Assets | $434K |
Is American Legion Post 0548 Walcott 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 Post 0548 Walcott
American Legion Post 0548 Walcott (EIN: 420626950) is a nonprofit organization based in Walcott, IA. The organization reported total revenue of $110K and total assets of $437K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of American Legion Post 0548 Walcott's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
American Legion Post 0548 Walcott is a small nonprofit that has been operating for 80 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 10.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $93K |
| Total Expenses | $64K |
| Surplus / Deficit | +$29K |
| Total Assets | $434K |
| Net Assets | $434K |
| Operating Margin | 31.1% |
| Months of Reserves | 81.4 months |
Financial Health Grade: A
In 2023, American Legion Post 0548 Walcott reported a surplus of $29K with revenue exceeding expenses, holds 81.4 months of operating reserves (strong position).
Financial Trends
Over 9 years of filings (2015–2023), American Legion Post 0548 Walcott's revenue has grown at a compound annual growth rate (CAGR) of 10.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +51.4% | -3.3% | +7.1% |
| 2022 | -0.8% | +39.4% | -1.2% |
| 2021 | +79.2% | +14.4% | +3.6% |
| 2020 | -40.2% | -28.3% | -1.7% |
| 2019 | -9.6% | +26.7% | +-0.0% |
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 Post 0548 Walcott 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 Post 0548 Walcott 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 $29K, with revenue exceeding expenses.
Frequently Asked Questions about American Legion Post 0548 Walcott
Is American Legion Post 0548 Walcott a legitimate charity?
Based on AI analysis of IRS 990 filings, American Legion Post 0548 Walcott (EIN: 420626950) insufficient data. 0 red flags identified, 0 strengths noted.
How does American Legion Post 0548 Walcott spend its money?
Detailed spending breakdown data is not yet available for American Legion Post 0548 Walcott. Check back for updated IRS 990 analysis.
Are donations to American Legion Post 0548 Walcott tax-deductible?
American Legion Post 0548 Walcott is registered as a tax-exempt nonprofit (EIN: 420626950). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is American Legion Post 0548 Walcott located?
American Legion Post 0548 Walcott is headquartered in Walcott, Iowa and files with the IRS under EIN 420626950.
How many years of IRS 990 filings does American Legion Post 0548 Walcott have?
American Legion Post 0548 Walcott has 9 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 $110K in total revenue.
Filing History
IRS 990 filing history for American Legion Post 0548 Walcott showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), American Legion Post 0548 Walcott's revenue has grown by 115.8%, moving from $43K to $93K. Total assets increased by 21.3% over the same period, from $358K to $434K. Total functional expenses rose by 59.3%, from $40K to $64K. In its most recent filing year (2023), American Legion Post 0548 Walcott reported a surplus of $29K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $93K | $64K | $434K | $0 | — | — |
| 2022 | $61K | $66K | $405K | $0 | — | — |
| 2021 | $62K | $47K | $410K | $0 | — | — |
| 2020 | $35K | $42K | $396K | $0 | — | View 990 |
| 2019 | $58K | $58K | $403K | $0 | — | View 990 |
| 2018 | $64K | $46K | $403K | $0 | — | View 990 |
| 2017 | $74K | $55K | $385K | $0 | — | View 990 |
| 2016 | $47K | $39K | $366K | $0 | — | View 990 |
| 2015 | $43K | $40K | $358K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $93K, expenses of $64K, and assets of $434K (revenue +51.4% year-over-year).
- 2022: Revenue of $61K, expenses of $66K, and assets of $405K (revenue -0.8% year-over-year).
- 2021: Revenue of $62K, expenses of $47K, and assets of $410K (revenue +79.2% year-over-year).
- 2020: Revenue of $35K, expenses of $42K, and assets of $396K (revenue -40.2% year-over-year).
- 2019: Revenue of $58K, expenses of $58K, and assets of $403K (revenue -9.6% year-over-year).
- 2018: Revenue of $64K, expenses of $46K, and assets of $403K (revenue -13.8% year-over-year).
- 2017: Revenue of $74K, expenses of $55K, and assets of $385K (revenue +57.2% year-over-year).
- 2016: Revenue of $47K, expenses of $39K, and assets of $366K (revenue +9.5% year-over-year).
- 2015: Revenue of $43K, expenses of $40K, and assets of $358K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for American Legion Post 0548 Walcott:
Data Sources and Methodology
This transparency report for American Legion Post 0548 Walcott 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.