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

$310KRevenue

$273KAssets

75/100Mission Score (Good)

Y42

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.

AI Transparency Report

Amvets, located in Jay, ME, demonstrates a consistent financial pattern over its reported periods. While the organization reported $310,029 in revenue for the 201808 period, its expenses exceeded this at $338,340, indicating a deficit for that year. This contrasts with previous years (201708, 201608) where revenue generally outpaced expenses, suggesting a recent shift in financial performance. The organization's assets have fluctuated, standing at $272,714 in the latest period, with very low liabilities, indicating a healthy balance sheet in terms of debt.

Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent reporting of 0% officer compensation across all periods suggests a volunteer-driven leadership, which can be a positive indicator of resource allocation towards mission-related activities rather than executive salaries. The recent deficit in the 201808 period warrants closer examination to understand if it's a one-off event or a trend.

Transparency appears reasonable given the available data, with consistent IRS 990 filings. The lack of officer compensation is a notable positive for transparency regarding executive pay. However, without a detailed functional expense breakdown, it's challenging to fully evaluate how efficiently funds are being spent across different categories. Further detail on program activities and their associated costs would enhance the understanding of their financial health and impact.

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.

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 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.	PDF
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.

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.