Veterans Of Foreign Wars Of The United States Dept Of Maine

Veterans Of Foreign Wars Of The United States Dept Of Maine maintains stable operations with volunteer leadership, despite a decade-long decline in assets.

EIN: 10233275 · Winslow, ME · Updated: 2026-03-28

$1.2MRevenue

$374KAssets

80/100Mission Score (Excellent)

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

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

2 FoundRed 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 Dept Of Maine directs 85% 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 Dept Of Maine

Veterans Of Foreign Wars Of The United States Dept Of Maine (EIN: 10233275) is a nonprofit organization based in Winslow, ME. The organization reported total revenue of $1.2M and total assets of $374K 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 Dept 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 Dept Of Maine demonstrates consistent financial activity, with revenues and expenses generally in a similar range over the past decade. In the most recent filing (202306), the organization reported revenues of $308,886 against expenses of $283,289, indicating a slight surplus for the period. However, a review of prior years shows several periods where expenses exceeded revenue, such as in 202206 ($254,416 revenue vs. $311,411 expenses) and 202106 ($294,094 revenue vs. $322,473 expenses). This suggests that while the organization is generally stable, it occasionally operates with a deficit.

The organization's assets have shown a declining trend over the past decade, from $598,496 in 201406 to $374,214 in 202306, though there was a slight increase from $348,168 in 202206. Liabilities have remained relatively low, peaking at $62,794 in 201406 and significantly decreasing to $2,301 in 202306, which is a positive indicator of financial management. The consistent reporting of 0% officer compensation across all available filings suggests a volunteer-driven leadership structure, which can contribute to lower administrative costs and higher program efficiency. Without detailed expense breakdowns (program, administrative, fundraising), a precise assessment of spending efficiency is challenging, but the lack of paid executive compensation is a strong positive.

Transparency is generally good given the consistent filing of IRS Form 990s. However, the NTEE code being 'Unknown' could indicate a lack of specific categorization, which might make it harder for potential donors to understand its exact programmatic focus at a glance. The overall financial picture suggests a stable, albeit modestly sized, organization that manages its liabilities well and relies on unpaid leadership, which are positive attributes for a nonprofit.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Veterans Of Foreign Wars Of The United States Dept Of Maine with a Mission Score of 80 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: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Veterans Of Foreign Wars Of The United States Dept Of Maine allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for an organization of its size with revenues consistently in the $200,000-$300,000 range.

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 Veterans Of Foreign Wars Of The United States Dept Of Maine's IRS 990 filings:

Declining asset base over the past decade, from $598,496 in 201406 to $374,214 in 202306.
Occasional operating deficits, such as in 202206 where expenses exceeded revenue by over $50,000.

Strengths

The following positive indicators were identified for Veterans Of Foreign Wars Of The United States Dept Of Maine:

Consistent reporting of 0% officer compensation, indicating volunteer leadership and potentially lower overhead.
Very low liabilities, reported at $2,301 in 202306, demonstrating strong debt management.
Consistent filing of IRS Form 990s, indicating good transparency.
Recent financial period (202306) showed a surplus of revenue over expenses ($308,886 vs. $283,289).

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

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

Based on AI analysis of IRS 990 filings, Veterans Of Foreign Wars Of The United States Dept Of Maine (EIN: 10233275) some concerns. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.

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

Veterans Of Foreign Wars Of The United States Dept Of Maine directs 85% 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 Dept Of Maine tax-deductible?

Veterans Of Foreign Wars Of The United States Dept Of Maine is registered as a tax-exempt nonprofit (EIN: 10233275). 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 Dept Of Maine financially stable?

The organization shows general financial stability, with revenues and expenses often balancing out. While assets have declined over the past decade from $598,496 in 201406 to $374,214 in 202306, liabilities are very low ($2,301 in 202306), suggesting good management of debt.

How does the organization's executive compensation compare to similar nonprofits?

The organization reports 0% officer compensation across all filings, meaning its leadership is unpaid. This is exceptionally low compared to most nonprofits, indicating a strong volunteer commitment and potentially higher efficiency in resource allocation.

What is the trend in the organization's assets?

The organization's assets have shown a declining trend over the past decade, from $598,496 in 201406 to $374,214 in 202306, though there was a slight rebound from $348,168 in 202206.

Does the organization operate with a surplus or deficit?

The organization has experienced both surpluses and deficits over the years. For example, in 202306, it had a surplus ($308,886 revenue vs. $283,289 expenses), but in 202206, it operated at a deficit ($254,416 revenue vs. $311,411 expenses).

Filing History

IRS 990 filing history for Veterans Of Foreign Wars Of The United States Dept Of Maine showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Veterans Of Foreign Wars Of The United States Dept Of Maine's revenue has grown by 40.8%, moving from $219K to $309K. Total assets decreased by 44.6% over the same period, from $676K to $374K. Total functional expenses rose by 4.9%, from $270K to $283K. In its most recent filing year (2023), Veterans Of Foreign Wars Of The United States Dept Of Maine reported a surplus of $26K, with revenue exceeding expenses. The organization holds $2K in liabilities against $374K in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $372K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$309K	$283K	$374K	$2K	—	View 990
2022	$254K	$311K	$348K	$2K	—	View 990
2021	$294K	$322K	$402K	$1K	—	View 990
2020	$250K	$265K	$430K	$2K	—	—
2019	$238K	$277K	$409K	$9K	—	View 990
2018	$228K	$268K	$455K	$16K	—	View 990
2017	$225K	$267K	$480K	$839	—	View 990
2016	$258K	$265K	$538K	$17K	—	View 990
2015	$228K	$235K	$565K	$37K	—	View 990
2014	$197K	$276K	$598K	$63K	—	View 990
2013	$235K	$277K	$644K	$29K	—	View 990
2012	$243K	$243K	$661K	$5K	—	View 990
2011	$219K	$270K	$676K	$19K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $309K, expenses of $283K, and assets of $374K (revenue +21.4% year-over-year).
2022: Revenue of $254K, expenses of $311K, and assets of $348K (revenue -13.5% year-over-year).
2021: Revenue of $294K, expenses of $322K, and assets of $402K (revenue +17.6% year-over-year).
2020: Revenue of $250K, expenses of $265K, and assets of $430K (revenue +5.0% year-over-year).
2019: Revenue of $238K, expenses of $277K, and assets of $409K (revenue +4.5% year-over-year).
2018: Revenue of $228K, expenses of $268K, and assets of $455K (revenue +1.4% year-over-year).
2017: Revenue of $225K, expenses of $267K, and assets of $480K (revenue -12.9% year-over-year).
2016: Revenue of $258K, expenses of $265K, and assets of $538K (revenue +13.1% year-over-year).
2015: Revenue of $228K, expenses of $235K, and assets of $565K (revenue +15.5% year-over-year).
2014: Revenue of $197K, expenses of $276K, and assets of $598K (revenue -16.0% year-over-year).
2013: Revenue of $235K, expenses of $277K, and assets of $644K (revenue -3.4% year-over-year).
2012: Revenue of $243K, expenses of $243K, and assets of $661K (revenue +10.8% year-over-year).
2011: Revenue of $219K, expenses of $270K, and assets of $676K.

Data Sources and Methodology

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