Amvets
Amvets reports a deficit in its latest fiscal period after several years of positive net income, with no officer compensation.
EIN: 10319962 · Jay, ME · NTEE: Y42 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $310K |
| Total Expenses | $338K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $310,029. |
| Net Assets | $270K |
| Transparency Score | 75/100 |
Search Intent Cockpit
Amvets Form 990, Revenue, CEO Pay, and IRS Filing Signals
Amvets is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Amvets in one place.
Form 990 Filing Summary
4 filing years are available, with latest revenue of $310K and expenses of $338K.
Revenue and Expenses
Amvets reported $310K in revenue and $338K in expenses, a deficit of $28K.
Executive Compensation
Top officer compensation appears as $310,029. in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
75/100 mission score, 2 red flags, and 3 strengths are shown from structured and AI review.
Is Amvets Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $271K (80%) |
Across stored filings, Amvets shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade B | 4 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and Category Y context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
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All Category Y
Local and Sector Spokes
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Jay, ME nonprofitsCategory Y in Maine
Mutual Benefit in Maine
Follow the Money
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Donation Decision Flow
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Some Concerns. Check deductibility, filings, and red flags.
2Understand money
80% of spending goes to programs.
3Compare
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4Decide
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Keep the Investigation Moving
Amvets directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Amvets
Amvets (EIN: 10319962) is a nonprofit organization based in Jay, ME, classified under NTEE code Y42. The organization reported total revenue of $310K and total assets of $273K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Amvets's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Amvets is a small nonprofit that has been operating for 81 years, with 4 years of IRS 990 filings on record (2015–2018). Revenue has grown at a compound annual rate of -9.6%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $310K |
| Total Expenses | $338K |
| Surplus / Deficit | $-28,311 |
| Total Assets | $273K |
| Total Liabilities | $2K |
| Net Assets | $270K |
| Operating Margin | -9.1% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 9.7 months |
Financial Health Grade: B
In 2018, Amvets reported a deficit of $28K with expenses exceeding revenue, holds 9.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 4 years of filings (2015–2018), Amvets's revenue has declined at a compound annual growth rate (CAGR) of -9.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -29.8% | -14.8% | -13.5% |
| 2017 | +5.1% | +1.8% | +16.2% |
| 2016 | +0.0% | +0.0% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1945 |
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 Amvets with a Mission Score of 75 out of 100 (Good). 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, Amvets 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.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $28K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available periods, indicating that the organization's leadership is likely volunteer-based, which is a positive sign for resource allocation given its latest revenue of $310,029.
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 Amvets's IRS 990 filings:
- Expenses ($338,340) exceeded revenue ($310,029) in the latest fiscal period (201808), indicating a deficit.
- Revenue has declined significantly from $441,549 in 201708 to $310,029 in 201808.
Strengths
The following positive indicators were identified for Amvets:
- Consistently reports 0% officer compensation across all periods, indicating volunteer leadership.
- Very low liabilities across all periods (e.g., $2,378 in 201808), suggesting strong financial solvency and minimal debt.
- Consistent filing of IRS 990 forms, demonstrating transparency.
Frequently Asked Questions about Amvets
Is Amvets a legitimate charity?
Amvets (EIN: 10319962) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 75/100. It has 4 years of IRS 990 filings on record. Total revenue: $310K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Amvets spend its money?
Amvets directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Amvets tax-deductible?
Amvets is registered as a tax-exempt nonprofit (EIN: 10319962). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Amvets CEO make?
Amvets's highest-compensated officer earns $310,029. annually. The organization reported $310K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Amvets's spending goes to programs?
Amvets directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Amvets compare to similar nonprofits?
With a transparency score of 75/100 (Good), Amvets is above average for NTEE category Y42 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Amvets located?
Amvets is headquartered in Jay, Maine and files with the IRS under EIN 10319962. It is classified under NTEE code Y42.
How many years of IRS 990 filings does Amvets have?
Amvets has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $310K in total revenue.
Is Amvets a good charity?
Based on the available data, Amvets appears to be a reasonably good charity, especially given its 0% officer compensation, suggesting a strong volunteer commitment. However, the recent deficit in the 201808 period where expenses ($338,340) exceeded revenue ($310,029) is a point to monitor.
How does Amvets manage its finances?
Amvets has historically managed its finances with revenues generally exceeding expenses, though the latest period (201808) shows a deficit. Assets are stable at around $270k-$315k, and liabilities are consistently very low, indicating prudent debt management.
What is the trend in Amvets' revenue and expenses?
Revenue has seen a decline from $441,549 in 201708 to $310,029 in 201808. Expenses have also decreased but not as sharply, leading to a deficit in the latest period, contrasting with surpluses in prior years.
Filing History
IRS 990 filing history for Amvets showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2015–2018), Amvets's revenue has declined by 26.2%, moving from $420K to $310K. Total assets increased by 0.6% over the same period, from $271K to $273K. Total functional expenses fell by 13.3%, from $390K to $338K. In its most recent filing year (2018), Amvets reported a deficit of $28K, with expenses exceeding revenue. The organization holds $2K in liabilities against $273K in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $270K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $310K | $338K | $273K | $2K | — | View 990 |
| 2017 | $442K | $397K | $315K | $2K | — | View 990 |
| 2016 | $420K | $390K | $271K | $2K | — | — |
| 2015 | $420K | $390K | $271K | $2K | — | — |
Year-by-Year Financial Summary
- 2018: Revenue of $310K, expenses of $338K, and assets of $273K (revenue -29.8% year-over-year).
- 2017: Revenue of $442K, expenses of $397K, and assets of $315K (revenue +5.1% year-over-year).
- 2016: Revenue of $420K, expenses of $390K, and assets of $271K (revenue +0.0% year-over-year).
- 2015: Revenue of $420K, expenses of $390K, and assets of $271K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Amvets:
Data Sources and Methodology
This transparency report for Amvets 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.