Veterans Of Foreign Wars Of The United States Department Of Maine

VFW Department of Maine maintains stable assets and zero officer compensation amidst fluctuating revenue.

EIN: 10392708 · Hampden, ME · Updated: 2026-03-28

$147KRevenue

$196KAssets

85/100Mission Score (Excellent)

Is Veterans Of Foreign Wars Of The United States Department Of Maine Legit?

Appears Legitimate

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

NoneRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Veterans Of Foreign Wars Of The United States Department Of Maine directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Veterans Of Foreign Wars Of The United States Department Of Maine

Veterans Of Foreign Wars Of The United States Department Of Maine (EIN: 10392708) is a nonprofit organization based in Hampden, ME. The organization reported total revenue of $147K and total assets of $196K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Veterans Of Foreign Wars Of The United States Department Of Maine's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Veterans Of Foreign Wars Of The United States Department Of Maine demonstrates consistent financial stability with a healthy asset base relative to its revenue. Over the past decade, the organization has maintained positive net assets, growing from $175,856 in 2014 to $199,674 in 2023, indicating sound financial management and accumulation of resources. The organization's revenue has shown significant fluctuation, with a notable increase in the most recent periods, reaching $52,912 in 2023 from a low of $12,263 in 2016. This suggests varying levels of fundraising success or other income generation.

Spending efficiency appears strong, as the organization consistently reports zero officer compensation, implying that leadership is likely volunteer-based, which maximizes resources for programmatic activities. With no liabilities reported across all filings, the organization maintains a very low-risk financial profile. The absence of detailed expense breakdowns in the provided data makes a precise assessment of program versus administrative spending challenging, but the overall financial health, marked by asset growth and no debt, is positive.

Transparency is generally good given the public availability of 990 filings. However, without a detailed breakdown of expenses beyond total expenses, it's difficult to fully ascertain the exact allocation of funds towards programs, administration, and fundraising. The consistent reporting of zero liabilities and officer compensation are strong indicators of responsible financial stewardship and a focus on mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Veterans Of Foreign Wars Of The United States Department Of Maine with a Mission Score of 85 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, Veterans Of Foreign Wars Of The United States Department Of Maine 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.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all filings, indicating that the organization's leadership is likely volunteer-based, which is highly efficient for a nonprofit of this size with revenues ranging from $12,263 to $56,202.

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 Veterans Of Foreign Wars Of The United States Department Of Maine:

Consistent asset growth, from $175,856 in 2014 to $199,674 in 2023, indicating strong financial management.
Zero liabilities reported across all filings, demonstrating excellent financial health and low risk.
0% officer compensation, suggesting a volunteer-driven leadership and efficient use of funds for mission-related activities.
Positive net income in most years, indicating the ability to cover expenses and build reserves.
Strong financial transparency through consistent IRS 990 filings.

Frequently Asked Questions about Veterans Of Foreign Wars Of The United States Department Of Maine

Is Veterans Of Foreign Wars Of The United States Department Of Maine a legitimate charity?

Based on AI analysis of IRS 990 filings, Veterans Of Foreign Wars Of The United States Department Of Maine (EIN: 10392708) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.

How does Veterans Of Foreign Wars Of The United States Department Of Maine spend its money?

Veterans Of Foreign Wars Of The United States Department Of Maine directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Veterans Of Foreign Wars Of The United States Department Of Maine tax-deductible?

Veterans Of Foreign Wars Of The United States Department Of Maine is registered as a tax-exempt nonprofit (EIN: 10392708). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

Is Veterans Of Foreign Wars Of The United States Department Of Maine financially stable?

Yes, the organization is financially stable, consistently maintaining positive net assets, growing from $175,856 in 2014 to $199,674 in 2023, and reporting zero liabilities across all periods.

How does the organization manage executive compensation?

The organization reports 0% officer compensation in all available filings, suggesting a volunteer-led structure which maximizes resources for its mission.

What is the trend in the organization's revenue?

Revenue has fluctuated significantly over the past decade, ranging from a low of $12,263 in 2016 to a high of $56,202 in 2022, with the latest reported revenue at $52,912 in 2023.

Does the organization have any debt?

No, the organization consistently reports $0 in liabilities across all available IRS 990 filings, indicating a debt-free status.

Filing History

IRS 990 filing history for Veterans Of Foreign Wars Of The United States Department Of Maine showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2012–2023), Veterans Of Foreign Wars Of The United States Department Of Maine's revenue has grown by 109.2%, moving from $25K to $53K. Total assets increased by 73.4% over the same period, from $115K to $200K. Total functional expenses rose by 54.9%, from $28K to $43K. In its most recent filing year (2023), Veterans Of Foreign Wars Of The United States Department Of Maine reported a surplus of $10K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$53K	$43K	$200K	$0	—	—
2022	$56K	$43K	$190K	$0	—	View 990
2021	$42K	$29K	$177K	$0	—	—
2020	$16K	$19K	$164K	$0	—	View 990
2019	$15K	$21K	$167K	$0	—	View 990
2018	$18K	$13K	$173K	$0	—	View 990
2017	$16K	$12K	$168K	$0	—	View 990
2016	$12K	$18K	$165K	$0	—	—
2015	$35K	$40K	$171K	$0	—	—
2014	$30K	$29K	$176K	$0	—	—
2013	$25K	$23K	$117K	$0	—	—
2012	$25K	$28K	$115K	$0	—	—

Year-by-Year Financial Summary

2023: Revenue of $53K, expenses of $43K, and assets of $200K (revenue -5.9% year-over-year).
2022: Revenue of $56K, expenses of $43K, and assets of $190K (revenue +33.8% year-over-year).
2021: Revenue of $42K, expenses of $29K, and assets of $177K (revenue +170.7% year-over-year).
2020: Revenue of $16K, expenses of $19K, and assets of $164K (revenue +4.1% year-over-year).
2019: Revenue of $15K, expenses of $21K, and assets of $167K (revenue -16.8% year-over-year).
2018: Revenue of $18K, expenses of $13K, and assets of $173K (revenue +15.5% year-over-year).
2017: Revenue of $16K, expenses of $12K, and assets of $168K (revenue +26.5% year-over-year).
2016: Revenue of $12K, expenses of $18K, and assets of $165K (revenue -65.0% year-over-year).
2015: Revenue of $35K, expenses of $40K, and assets of $171K (revenue +15.9% year-over-year).
2014: Revenue of $30K, expenses of $29K, and assets of $176K (revenue +21.8% year-over-year).
2013: Revenue of $25K, expenses of $23K, and assets of $117K (revenue -1.9% year-over-year).
2012: Revenue of $25K, expenses of $28K, and assets of $115K.

Data Sources and Methodology

This transparency report for Veterans Of Foreign Wars Of The United States Department Of Maine 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.