Amvets
Amvets consistently maintains financial surpluses and growing assets with no reported officer compensation.
EIN: 10356261 · Yarmouth, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $247K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $279,317. |
| Net Assets | $344K |
| Transparency Score | 90/100 |
Is Amvets Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Amvets directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Amvets
Amvets (EIN: 10356261) is a nonprofit organization based in Yarmouth, ME. The organization reported total revenue of $1.6M and total assets of $368K 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 4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $279K |
| Total Expenses | $247K |
| Surplus / Deficit | +$32K |
| Total Assets | $344K |
| Net Assets | $344K |
| Operating Margin | 11.6% |
| Months of Reserves | 16.7 months |
Financial Health Grade: A
In 2023, Amvets reported a surplus of $32K with revenue exceeding expenses, holds 16.7 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Amvets's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.3% | +8.8% | +10.4% |
| 2022 | +7.5% | +35.1% | +3.1% |
| 2021 | +9.9% | -4.9% | +20.7% |
| 2020 | -30.2% | -30.0% | +10.3% |
| 2019 | +6.5% | +9.8% | +6.9% |
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 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Amvets allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $32K, with revenue exceeding expenses.
Executive Compensation Analysis
Amvets consistently reports 0% officer compensation across all available filings, indicating that its leadership is either volunteer-based or compensated through non-officer channels, which is highly favorable for a nonprofit of its size with latest revenues of $279,317.
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.
Strengths
The following positive indicators were identified for Amvets:
- Consistent financial surpluses, with revenues exceeding expenses in most years (e.g., $279,317 revenue vs. $246,864 expenses in 2023).
- Steady growth in assets, increasing from $136,538 in 2014 to $344,153 in 2023.
- Zero reported liabilities in recent filings (e.g., $0 in 2023, 2022, 2021, 2020, 2019, 2017, 2016, 2015, 2014).
- 0% officer compensation reported across all available filings, indicating efficient use of funds and potentially volunteer leadership.
- Strong financial stability and ability to build reserves over time.
Frequently Asked Questions about Amvets
Is Amvets a legitimate charity?
Amvets (EIN: 10356261) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.6M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Amvets spend its money?
Amvets directs 90% 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: 10356261). 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 $279,317. annually. The organization reported $1.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Amvets's spending goes to programs?
Amvets directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Amvets located?
Amvets is headquartered in Yarmouth, Maine and files with the IRS under EIN 10356261.
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 $1.6M in total revenue.
Is Amvets a good charity?
Based on the available IRS 990 data, Amvets appears to be a financially sound organization with consistent surpluses, growing assets, and no reported officer compensation, which are strong indicators of a well-managed and mission-focused charity.
How has Amvets' financial health changed over the last decade?
Amvets has shown consistent financial growth over the last decade. Revenue has generally increased, and assets have more than doubled from $136,538 in 2014 to $344,153 in 2023, while maintaining zero liabilities in recent years.
What is Amvets' approach to executive compensation?
Amvets reports 0% officer compensation in all available IRS 990 filings, suggesting that executive leadership is not compensated through traditional officer salaries, which is a highly positive aspect for donor confidence.
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 73%, moving from $161K to $279K. Total assets increased by 50.2% over the same period, from $229K to $344K. Total functional expenses rose by 48%, from $167K to $247K. In its most recent filing year (2023), Amvets reported a surplus of $32K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $279K | $247K | $344K | $0 | — | View 990 |
| 2022 | $236K | $227K | $312K | $0 | — | View 990 |
| 2021 | $220K | $168K | $302K | $0 | — | View 990 |
| 2020 | $200K | $176K | $250K | $0 | — | View 990 |
| 2019 | $286K | $252K | $227K | $0 | — | View 990 |
| 2018 | $269K | $230K | $212K | $19K | — | — |
| 2017 | $259K | $230K | $173K | $19K | — | View 990 |
| 2016 | $204K | $220K | $126K | $0 | — | View 990 |
| 2015 | $211K | $206K | $142K | $0 | — | View 990 |
| 2014 | $205K | $214K | $137K | $0 | — | View 990 |
| 2013 | $188K | $202K | $145K | $0 | — | View 990 |
| 2012 | $152K | $222K | $159K | $0 | — | View 990 |
| 2011 | $161K | $167K | $229K | $610 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $279K, expenses of $247K, and assets of $344K (revenue +18.3% year-over-year).
- 2022: Revenue of $236K, expenses of $227K, and assets of $312K (revenue +7.5% year-over-year).
- 2021: Revenue of $220K, expenses of $168K, and assets of $302K (revenue +9.9% year-over-year).
- 2020: Revenue of $200K, expenses of $176K, and assets of $250K (revenue -30.2% year-over-year).
- 2019: Revenue of $286K, expenses of $252K, and assets of $227K (revenue +6.5% year-over-year).
- 2018: Revenue of $269K, expenses of $230K, and assets of $212K (revenue +4.0% year-over-year).
- 2017: Revenue of $259K, expenses of $230K, and assets of $173K (revenue +26.8% year-over-year).
- 2016: Revenue of $204K, expenses of $220K, and assets of $126K (revenue -3.4% year-over-year).
- 2015: Revenue of $211K, expenses of $206K, and assets of $142K (revenue +2.9% year-over-year).
- 2014: Revenue of $205K, expenses of $214K, and assets of $137K (revenue +9.1% year-over-year).
- 2013: Revenue of $188K, expenses of $202K, and assets of $145K (revenue +23.4% year-over-year).
- 2012: Revenue of $152K, expenses of $222K, and assets of $159K (revenue -5.6% year-over-year).
- 2011: Revenue of $161K, expenses of $167K, and assets of $229K.
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.