Amvets
Amvets shows declining assets but stable operations with no reported officer compensation.
EIN: 10342874 · Biddeford, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $186K |
| Program Spending | 70% |
| Net Assets | $141K |
| 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 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Amvets
Amvets (EIN: 10342874) is a nonprofit organization based in Biddeford, ME. The organization reported total revenue of $1.0M and total assets of $146K 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 mid-size nonprofit that has been operating for 72 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $193K |
| Total Expenses | $186K |
| Surplus / Deficit | +$6K |
| Total Assets | $169K |
| Total Liabilities | $28K |
| Net Assets | $141K |
| Operating Margin | 3.3% |
| Debt-to-Asset Ratio | 16.6% |
| Months of Reserves | 10.9 months |
Financial Health Grade: A
In 2023, Amvets reported a surplus of $6K with revenue exceeding expenses, holds 10.9 months of operating reserves (strong position), has a debt-to-asset ratio of 16.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Amvets's revenue has grown at a compound annual growth rate (CAGR) of 0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.1% | +12.9% | -1.6% |
| 2022 | +10.7% | +10.5% | -7.9% |
| 2021 | +30.3% | +21.0% | -6.8% |
| 2020 | -58.5% | -44.1% | -9.5% |
| 2019 | +24.9% | +10.8% | +20.6% |
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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Amvets allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $6K, with revenue exceeding expenses.
- Debt-to-asset ratio: 16.6%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are likely volunteers or compensated through non-officer categories, which is highly favorable for a nonprofit 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:
- Consistent decline in total assets over the past decade, from $225,774 in 201412 to $169,437 in 202312.
Strengths
The following positive indicators were identified for Amvets:
- Consistent reporting of 0% officer compensation, indicating strong volunteer leadership or efficient compensation practices.
- Liabilities have significantly decreased from $99,407 in 201412 to $28,093 in 202312, improving financial stability.
- Revenue generally covers expenses in recent periods (e.g., 202312 revenue $192,745 vs. expenses $186,375), indicating operational sustainability.
Frequently Asked Questions about Amvets
Is Amvets a legitimate charity?
Amvets (EIN: 10342874) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.0M. 1 red flag identified. 3 strengths noted. Financial health grade: A.
How does Amvets spend its money?
Amvets directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Amvets tax-deductible?
Amvets is registered as a tax-exempt nonprofit (EIN: 10342874). 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 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Amvets located?
Amvets is headquartered in Biddeford, Maine and files with the IRS under EIN 10342874.
How many years of IRS 990 filings does Amvets have?
Amvets 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 $1.0M in total revenue.
Why have Amvets' assets declined significantly over the past decade?
Amvets' assets have decreased from $225,774 in 201412 to $169,437 in 202312. This trend could be due to various factors such as asset depreciation, strategic divestment, or using reserves to cover operational gaps in previous years.
How does Amvets manage to operate without reported officer compensation?
The consistent 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based, or their compensation is categorized differently within the IRS 990 filing, which is a strong indicator of dedication to the mission.
What is the specific breakdown of Amvets' program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. Further investigation into the full IRS 990 forms would be necessary to determine these specific allocations.
Filing History
IRS 990 filing history for Amvets showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Amvets's revenue has grown by 2.9%, moving from $187K to $193K. Total assets decreased by 24.5% over the same period, from $225K to $169K. Total functional expenses rose by 20.3%, from $155K to $186K. In its most recent filing year (2023), Amvets reported a surplus of $6K, with revenue exceeding expenses. The organization holds $28K in liabilities against $169K in assets (debt-to-asset ratio: 16.6%), resulting in net assets of $141K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $193K | $186K | $169K | $28K | — | View 990 |
| 2022 | $159K | $165K | $172K | $37K | — | View 990 |
| 2021 | $144K | $149K | $187K | $46K | — | View 990 |
| 2020 | $110K | $123K | $201K | $54K | — | — |
| 2019 | $266K | $221K | $222K | $62K | — | View 990 |
| 2018 | $213K | $199K | $184K | $70K | — | View 990 |
| 2017 | $138K | $153K | $178K | $77K | — | View 990 |
| 2016 | $156K | $158K | $200K | $85K | — | View 990 |
| 2015 | $159K | $168K | $210K | $92K | — | View 990 |
| 2014 | $171K | $173K | $226K | $99K | — | View 990 |
| 2013 | $176K | $162K | $235K | $107K | — | View 990 |
| 2012 | $170K | $160K | $228K | $114K | — | View 990 |
| 2011 | $187K | $155K | $225K | $121K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $193K, expenses of $186K, and assets of $169K (revenue +21.1% year-over-year).
- 2022: Revenue of $159K, expenses of $165K, and assets of $172K (revenue +10.7% year-over-year).
- 2021: Revenue of $144K, expenses of $149K, and assets of $187K (revenue +30.3% year-over-year).
- 2020: Revenue of $110K, expenses of $123K, and assets of $201K (revenue -58.5% year-over-year).
- 2019: Revenue of $266K, expenses of $221K, and assets of $222K (revenue +24.9% year-over-year).
- 2018: Revenue of $213K, expenses of $199K, and assets of $184K (revenue +53.9% year-over-year).
- 2017: Revenue of $138K, expenses of $153K, and assets of $178K (revenue -11.4% year-over-year).
- 2016: Revenue of $156K, expenses of $158K, and assets of $200K (revenue -1.9% year-over-year).
- 2015: Revenue of $159K, expenses of $168K, and assets of $210K (revenue -6.9% year-over-year).
- 2014: Revenue of $171K, expenses of $173K, and assets of $226K (revenue -2.9% year-over-year).
- 2013: Revenue of $176K, expenses of $162K, and assets of $235K (revenue +3.7% year-over-year).
- 2012: Revenue of $170K, expenses of $160K, and assets of $228K (revenue -9.3% year-over-year).
- 2011: Revenue of $187K, expenses of $155K, and assets of $225K.
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.