Amvets
Amvets maintains stable assets and low liabilities despite fluctuating annual revenues and occasional operating deficits.
EIN: 10329208 · Sanford, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $202K |
| Program Spending | 80% |
| Net Assets | $355K |
| Transparency Score | 75/100 |
Is Amvets Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Amvets directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Amvets
Amvets (EIN: 10329208) is a nonprofit organization based in Sanford, ME. The organization reported total revenue of $0 and total assets of $0 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 72 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $197K |
| Total Expenses | $202K |
| Surplus / Deficit | $-5,036 |
| Total Assets | $360K |
| Total Liabilities | $5K |
| Net Assets | $355K |
| Operating Margin | -2.6% |
| Debt-to-Asset Ratio | 1.4% |
| Months of Reserves | 21.4 months |
Financial Health Grade: B
In 2024, Amvets reported a deficit of $5K with expenses exceeding revenue, holds 21.4 months of operating reserves (strong position), has a debt-to-asset ratio of 1.4% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Amvets's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -19.0% | -0.1% | -0.5% |
| 2023 | -13.7% | -12.2% | +11.9% |
| 2022 | -4.8% | +48.8% | +18.8% |
| 2021 | +124.0% | +19.2% | +107.5% |
| 2020 | +6.1% | -6.8% | +0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1954 |
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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting that the organization's leadership is either entirely volunteer-based or compensated through mechanisms not categorized as officer compensation on the 990 form, which is highly efficient for an organization of this 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 Amvets's IRS 990 filings:
- Occasional operating deficits where expenses exceed revenue (e.g., 202406, 201906, 201806, 201706, 201606).
Strengths
The following positive indicators were identified for Amvets:
- Consistent growth in assets, reaching $360,140 in 202406.
- Very low liabilities, consistently under $5,000 in recent periods, indicating minimal debt.
- No reported officer compensation, suggesting a highly efficient or volunteer-led executive structure.
- Strong transparency with 14 consistent IRS 990 filings.
- Stable financial operations over a decade, with revenues and expenses generally within a predictable range.
Frequently Asked Questions about Amvets
Is Amvets a legitimate charity?
Amvets (EIN: 10329208) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. 1 red flag identified. 5 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: 10329208). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
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.
Where is Amvets located?
Amvets is headquartered in Sanford, Maine and files with the IRS under EIN 10329208.
How many years of IRS 990 filings does Amvets have?
Amvets has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Is Amvets financially stable?
Yes, Amvets appears financially stable. While it has experienced periods where expenses exceeded revenue (e.g., 202406 with $196,904 revenue and $201,940 expenses), its assets have consistently grown, reaching $360,140 in 202406, and liabilities remain very low (e.g., $4,888 in 202406).
How does Amvets manage its expenses relative to its income?
Amvets generally manages its expenses close to its income. In some years, like 202106, revenue ($295,543) significantly exceeded expenses ($154,752), leading to a surplus. In other years, like 202406, expenses ($201,940) slightly surpassed revenue ($196,904), resulting in a small deficit. The organization's ability to grow assets despite these fluctuations suggests effective overall financial management.
What is the trend in Amvets' assets and liabilities?
Amvets' assets have shown a positive growth trend, increasing from $131,211 in 202006 to $360,140 in 202406. Liabilities have consistently remained very low, typically under $5,000 in recent years, indicating a strong balance sheet with minimal debt.
Filing History
IRS 990 filing history for Amvets showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Amvets's revenue has grown by 57.5%, moving from $125K to $197K. Total assets increased by 51.1% over the same period, from $238K to $360K. Total functional expenses rose by 80.4%, from $112K to $202K. In its most recent filing year (2024), Amvets reported a deficit of $5K, with expenses exceeding revenue. The organization holds $5K in liabilities against $360K in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $355K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $197K | $202K | $360K | $5K | — | — |
| 2023 | $243K | $202K | $362K | $2K | — | View 990 |
| 2022 | $281K | $230K | $323K | $4K | — | View 990 |
| 2021 | $296K | $155K | $272K | $4K | — | View 990 |
| 2020 | $132K | $130K | $131K | $368 | — | View 990 |
| 2019 | $124K | $139K | $131K | $2K | — | View 990 |
| 2018 | $106K | $136K | $144K | $2K | — | View 990 |
| 2017 | $121K | $151K | $186K | $14K | — | View 990 |
| 2016 | $123K | $201K | $208K | $4K | — | View 990 |
| 2015 | $219K | $211K | $328K | $3K | — | View 990 |
| 2014 | $200K | $182K | $320K | $3K | — | View 990 |
| 2013 | $168K | $135K | $302K | $3K | — | View 990 |
| 2012 | $164K | $134K | $269K | $4K | — | View 990 |
| 2011 | $125K | $112K | $238K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $197K, expenses of $202K, and assets of $360K (revenue -19.0% year-over-year).
- 2023: Revenue of $243K, expenses of $202K, and assets of $362K (revenue -13.7% year-over-year).
- 2022: Revenue of $281K, expenses of $230K, and assets of $323K (revenue -4.8% year-over-year).
- 2021: Revenue of $296K, expenses of $155K, and assets of $272K (revenue +124.0% year-over-year).
- 2020: Revenue of $132K, expenses of $130K, and assets of $131K (revenue +6.1% year-over-year).
- 2019: Revenue of $124K, expenses of $139K, and assets of $131K (revenue +17.0% year-over-year).
- 2018: Revenue of $106K, expenses of $136K, and assets of $144K (revenue -11.8% year-over-year).
- 2017: Revenue of $121K, expenses of $151K, and assets of $186K (revenue -1.8% year-over-year).
- 2016: Revenue of $123K, expenses of $201K, and assets of $208K (revenue -43.8% year-over-year).
- 2015: Revenue of $219K, expenses of $211K, and assets of $328K (revenue +9.0% year-over-year).
- 2014: Revenue of $200K, expenses of $182K, and assets of $320K (revenue +19.1% year-over-year).
- 2013: Revenue of $168K, expenses of $135K, and assets of $302K (revenue +2.6% year-over-year).
- 2012: Revenue of $164K, expenses of $134K, and assets of $269K (revenue +31.3% year-over-year).
- 2011: Revenue of $125K, expenses of $112K, and assets of $238K.
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.