Amvets
Amvets consistently operates at a deficit with expenses exceeding revenue in most recent years, raising sustainability concerns.
EIN: 16019053 · Portland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $208K |
| Program Spending | 70% |
| Net Assets | $248K |
| Transparency Score | 45/100 |
Is Amvets Legit?
Significant 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: 16019053) is a nonprofit organization based in Portland, ME. The organization reported total revenue of $1.4M and total assets of $245K 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 12 years of IRS 990 filings on record (2010–2021). Revenue has grown at a compound annual rate of -2.7%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $136K |
| Total Expenses | $208K |
| Surplus / Deficit | $-72,410 |
| Total Assets | $245K |
| Net Assets | $248K |
| Operating Margin | -53.2% |
| Months of Reserves | 14.1 months |
Financial Health Grade: C
In 2021, Amvets reported a deficit of $72K with expenses exceeding revenue, holds 14.1 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2010–2021), Amvets's revenue has declined at a compound annual growth rate (CAGR) of -2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +182.0% | +76.7% | +33.2% |
| 2020 | -45.7% | -48.2% | -7.2% |
| 2019 | -48.8% | -7.3% | -19.2% |
| 2018 | +41.8% | +3.6% | +43.5% |
| 2017 | -17.0% | +12.4% | +9.5% |
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 45 out of 100 (Fair). 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $72K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting that the organization is either entirely volunteer-run at the executive level or that compensation is not reported in a way that is visible in these summaries. This indicates a low overhead in terms of leadership salaries relative to the organization's 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 operating deficits with expenses exceeding revenue in most recent years (e.g., 2021: $136,045 revenue vs. $208,455 expenses).
- Significant discrepancy between 'Latest Revenue' ($1,368,820) and historical filing revenues, requiring clarification.
- Unusual reporting of negative liabilities in multiple periods (e.g., $-2,579 in 2021), which is not standard accounting practice.
- Lack of detailed expense breakdown in the provided data makes it difficult to assess spending efficiency across programs, administration, and fundraising.
Strengths
The following positive indicators were identified for Amvets:
- Zero reported officer compensation across all filings, indicating a potentially volunteer-driven leadership or very low executive overhead.
- Long filing history (12 filings) suggests consistent compliance with IRS reporting requirements, even with financial challenges.
Frequently Asked Questions about Amvets
Is Amvets a legitimate charity?
Amvets (EIN: 16019053) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 45/100. It has 12 years of IRS 990 filings on record. Total revenue: $1.4M. 4 red flags identified. 2 strengths noted. Financial health grade: B.
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: 16019053). 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 Portland, Maine and files with the IRS under EIN 16019053.
How many years of IRS 990 filings does Amvets have?
Amvets has 12 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 $1.4M in total revenue.
Is Amvets a good charity?
Based on the available IRS 990 data, Amvets shows a consistent pattern of expenses exceeding revenue in most years, which is a significant concern for financial stability. While officer compensation is reported as zero, indicating low administrative overhead in that specific area, the overall financial health and sustainability are questionable due to recurring deficits. A definitive answer would require more detailed expense breakdowns and clarification on the large discrepancy in the latest reported revenue versus historical trends.
Why is there such a large discrepancy between the 'Latest Revenue' ($1,368,820) and the historical filing revenues (e.g., $136,045 in 2021)?
The provided 'Latest Revenue' figure of $1,368,820 is significantly higher than any revenue reported in the detailed filing history, which ranges from $48,248 to $255,042. This discrepancy needs clarification to understand if it represents a one-time event, a different reporting period, or an error in the data provided, as it drastically alters the perception of the organization's financial scale.
What is the cause of the recurring deficits where expenses exceed revenue?
In multiple periods, such as 2021 ($136,045 revenue vs. $208,455 expenses) and 2020 ($48,248 revenue vs. $117,945 expenses), Amvets has spent more than it brought in. Without a detailed breakdown of expenses, it's difficult to pinpoint the exact cause, but it suggests either insufficient fundraising, high operational costs relative to income, or a strategic decision to draw down reserves, which is not sustainable long-term.
What do the negative liabilities reported in several filings signify?
The reporting of negative liabilities (e.g., $-2,579 in 2021, $-1,999 in 2020) is unusual in standard accounting practices. This could indicate specific accounting adjustments, reclassifications, or potentially errors in reporting. It warrants further investigation to understand the true financial position regarding the organization's obligations.
Filing History
IRS 990 filing history for Amvets showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2010–2021), Amvets's revenue has declined by 26%, moving from $184K to $136K. Total assets increased by 47.5% over the same period, from $166K to $245K. Total functional expenses rose by 8.5%, from $192K to $208K. In its most recent filing year (2021), Amvets reported a deficit of $72K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $136K | $208K | $245K | $-2,579 | — | — |
| 2020 | $48K | $118K | $184K | $-1,999 | — | — |
| 2019 | $89K | $227K | $199K | $-12,344 | — | View 990 |
| 2018 | $173K | $246K | $246K | $-5,142 | — | View 990 |
| 2017 | $122K | $237K | $171K | $0 | — | View 990 |
| 2016 | $147K | $211K | $156K | $0 | — | View 990 |
| 2015 | $211K | $186K | $166K | $5K | — | View 990 |
| 2014 | $255K | $205K | $144K | $8K | — | View 990 |
| 2013 | $116K | $193K | $93K | $7K | — | View 990 |
| 2012 | $153K | $147K | $167K | $4K | — | View 990 |
| 2011 | $133K | $141K | $160K | $3K | — | View 990 |
| 2010 | $184K | $192K | $166K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $136K, expenses of $208K, and assets of $245K (revenue +182.0% year-over-year).
- 2020: Revenue of $48K, expenses of $118K, and assets of $184K (revenue -45.7% year-over-year).
- 2019: Revenue of $89K, expenses of $227K, and assets of $199K (revenue -48.8% year-over-year).
- 2018: Revenue of $173K, expenses of $246K, and assets of $246K (revenue +41.8% year-over-year).
- 2017: Revenue of $122K, expenses of $237K, and assets of $171K (revenue -17.0% year-over-year).
- 2016: Revenue of $147K, expenses of $211K, and assets of $156K (revenue -30.2% year-over-year).
- 2015: Revenue of $211K, expenses of $186K, and assets of $166K (revenue -17.2% year-over-year).
- 2014: Revenue of $255K, expenses of $205K, and assets of $144K (revenue +119.7% year-over-year).
- 2013: Revenue of $116K, expenses of $193K, and assets of $93K (revenue -24.0% year-over-year).
- 2012: Revenue of $153K, expenses of $147K, and assets of $167K (revenue +14.7% year-over-year).
- 2011: Revenue of $133K, expenses of $141K, and assets of $160K (revenue -27.6% year-over-year).
- 2010: Revenue of $184K, expenses of $192K, and assets of $166K.
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.