Amvets
Amvets shows consistent operations with zero officer compensation, but a significant recent decline in assets.
EIN: 16022219 · Durham, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $99K |
| Total Expenses | $11K |
| Program Spending | 80% |
| Net Assets | $300K |
| 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: 16022219) is a nonprofit organization based in Durham, ME. The organization reported total revenue of $99K and total assets of $40K 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 micro nonprofit that has been operating for 60 years, with 7 years of IRS 990 filings on record (2012–2018). Revenue has grown at a compound annual rate of 14.4%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $13K |
| Total Expenses | $11K |
| Surplus / Deficit | +$2K |
| Total Assets | $300K |
| Net Assets | $300K |
| Operating Margin | 17.3% |
| Months of Reserves | 337.8 months |
Financial Health Grade: A
In 2018, Amvets reported a surplus of $2K with revenue exceeding expenses, holds 337.8 months of operating reserves (strong position).
Financial Trends
Over 7 years of filings (2012–2018), Amvets's revenue has grown at a compound annual growth rate (CAGR) of 14.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -8.4% | -2.2% | -1.1% |
| 2017 | -46.9% | -60.9% | +1.2% |
| 2016 | +320.3% | +360.0% | +91.5% |
| 2015 | -60.2% | -52.7% | +7.0% |
| 2014 | +175.4% | +115.4% | +2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1966 |
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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Amvets allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2K, with revenue exceeding expenses.
Executive Compensation Analysis
Amvets consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly favorable for donor perception and resource allocation.
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:
- Significant and unexplained decrease in assets from $299,628 in 2018 to $39,733 currently.
Strengths
The following positive indicators were identified for Amvets:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds at the leadership level.
- Long history of consistent IRS 990 filings, demonstrating transparency.
- Recent significant increase in revenue ($98,988) compared to historical figures, suggesting potential growth or successful fundraising.
Frequently Asked Questions about Amvets
Is Amvets a legitimate charity?
Based on AI analysis of IRS 990 filings, Amvets (EIN: 16022219) some concerns. Mission Score: 75/100. 1 red flag identified, 3 strengths noted.
How does Amvets spend its money?
Amvets directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Amvets tax-deductible?
Amvets is registered as a tax-exempt nonprofit (EIN: 16022219). 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, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Amvets located?
Amvets is headquartered in Durham, Maine and files with the IRS under EIN 16022219.
How many years of IRS 990 filings does Amvets have?
Amvets has 7 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 $99K in total revenue.
Why did Amvets' assets decrease from $299,628 in 2018 to $39,733 currently?
The provided data does not specify the reason for this significant asset reduction. Further investigation into their detailed financial statements would be necessary to understand if it was due to asset sales, program expenditures, or other factors.
What are the primary programs Amvets supports with its revenue?
The provided IRS 990 summary data does not detail specific program activities or their associated costs. A review of the full 990 forms would be needed to identify their programs.
Is the latest revenue of $98,988 an anomaly compared to historical trends?
Yes, the latest revenue of $98,988 is significantly higher than the historical average revenues, which typically ranged from $5,737 to $26,445. This represents a substantial increase in financial activity for the organization.
Filing History
IRS 990 filing history for Amvets showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2012–2018), Amvets's revenue has grown by 124.1%, moving from $6K to $13K. Total assets increased by 109.1% over the same period, from $143K to $300K. Total functional expenses fell by 12.1%, from $12K to $11K. In its most recent filing year (2018), Amvets reported a surplus of $2K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $13K | $11K | $300K | $0 | — | — |
| 2017 | $14K | $11K | $303K | $0 | — | View 990 |
| 2016 | $26K | $28K | $300K | $0 | — | View 990 |
| 2015 | $6K | $6K | $156K | $0 | — | View 990 |
| 2014 | $16K | $13K | $146K | $0 | — | — |
| 2013 | $6K | $6K | $143K | $0 | — | View 990 |
| 2012 | $6K | $12K | $143K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $13K, expenses of $11K, and assets of $300K (revenue -8.4% year-over-year).
- 2017: Revenue of $14K, expenses of $11K, and assets of $303K (revenue -46.9% year-over-year).
- 2016: Revenue of $26K, expenses of $28K, and assets of $300K (revenue +320.3% year-over-year).
- 2015: Revenue of $6K, expenses of $6K, and assets of $156K (revenue -60.2% year-over-year).
- 2014: Revenue of $16K, expenses of $13K, and assets of $146K (revenue +175.4% year-over-year).
- 2013: Revenue of $6K, expenses of $6K, and assets of $143K (revenue -0.1% year-over-year).
- 2012: Revenue of $6K, expenses of $12K, and assets of $143K.
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.