Veterans Of Foreign Wars Of The United States Dept Of Maine
Veterans Of Foreign Wars Of The United States Dept Of Maine maintains stable assets and zero officer compensation amidst fluctuating revenues.
EIN: 10266478 · Sanford, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $470K |
| Total Expenses | $136K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $240,000. |
| Net Assets | $239K |
| Transparency Score | 85/100 |
Is Veterans Of Foreign Wars Of The United States Dept Of Maine Legit?
Some Concerns
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 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 Dept Of Maine
Veterans Of Foreign Wars Of The United States Dept Of Maine (EIN: 10266478) is a nonprofit organization based in Sanford, ME. The organization reported total revenue of $470K and total assets of $236K 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.
Organization Overview
Veterans Of Foreign Wars Of The United States Dept Of Maine is a small nonprofit that has been operating for 39 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 9.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $129K |
| Total Expenses | $136K |
| Surplus / Deficit | $-7,218 |
| Total Assets | $241K |
| Total Liabilities | $2K |
| Net Assets | $239K |
| Operating Margin | -5.6% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 21.3 months |
Financial Health Grade: B
In 2023, Veterans Of Foreign Wars Of The United States Dept Of Maine reported a deficit of $7K with expenses exceeding revenue, holds 21.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Veterans Of Foreign Wars Of The United States Dept Of Maine's revenue has grown at a compound annual growth rate (CAGR) of 9.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.5% | +26.7% | -3.1% |
| 2022 | -22.8% | -26.1% | +2.8% |
| 2021 | +84.9% | +24.3% | +31.3% |
| 2020 | +-0.0% | +13.0% | -9.9% |
| 2019 | +67.6% | +17.9% | -3.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Veterans Of Foreign Wars Of The United States Dept 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Veterans Of Foreign Wars Of The United States Dept Of Maine allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 deficit of $7K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.9%.
Executive Compensation Analysis
Executive compensation is consistently reported at 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 assets around $240,000.
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:
- Occasional operational deficits (e.g., 2023: expenses $136,069 > revenue $128,851)
Strengths
The following positive indicators were identified for Veterans Of Foreign Wars Of The United States Dept Of Maine:
- Consistent 0% officer compensation, indicating volunteer leadership
- Stable asset base over time (e.g., $241,354 in 2023)
- Very low liabilities, demonstrating good financial management (e.g., $2,069 in 2023)
- Long history of IRS 990 filings, indicating transparency and compliance
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?
Veterans Of Foreign Wars Of The United States Dept Of Maine (EIN: 10266478) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $470K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
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 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
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: 10266478). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Veterans Of Foreign Wars Of The United States Dept Of Maine CEO make?
Veterans Of Foreign Wars Of The United States Dept Of Maine's highest-compensated officer earns $240,000. annually. The organization reported $470K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Veterans Of Foreign Wars Of The United States Dept Of Maine located?
Veterans Of Foreign Wars Of The United States Dept Of Maine is headquartered in Sanford, Maine and files with the IRS under EIN 10266478.
How many years of IRS 990 filings does Veterans Of Foreign Wars Of The United States Dept Of Maine have?
Veterans Of Foreign Wars Of The United States Dept Of Maine has 14 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 $470K in total revenue.
Is Veterans Of Foreign Wars Of The United States Dept Of Maine a good charity?
Based on the provided data, the organization demonstrates strong financial stability with consistent assets and very low liabilities. The 0% officer compensation is a significant positive indicator of direct mission focus and volunteer leadership, suggesting it is a well-managed charity.
How does the organization manage its expenses?
The organization's expenses have generally been in line with or slightly above its revenues in recent years (e.g., $136,069 expenses vs. $128,851 revenue in 2023). However, the consistent 0% officer compensation suggests a very lean operational structure, minimizing overhead related to executive salaries.
What is the trend in the organization's financial health?
The organization shows a relatively stable financial trend. While revenues and expenses fluctuate year-to-year, assets have remained consistent, and liabilities are consistently low. This indicates a steady, albeit not rapidly growing, financial position.
Filing History
IRS 990 filing history for Veterans Of Foreign Wars Of The United States Dept Of Maine showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Veterans Of Foreign Wars Of The United States Dept Of Maine's revenue has grown by 221.3%, moving from $40K to $129K. Total assets increased by 0.2% over the same period, from $241K to $241K. Total functional expenses rose by 207.8%, from $44K to $136K. In its most recent filing year (2023), Veterans Of Foreign Wars Of The United States Dept Of Maine reported a deficit of $7K, with expenses exceeding revenue. The organization holds $2K in liabilities against $241K in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $239K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $129K | $136K | $241K | $2K | — | — |
| 2022 | $138K | $107K | $249K | $3K | — | View 990 |
| 2021 | $178K | $145K | $242K | $26K | — | View 990 |
| 2020 | $96K | $117K | $185K | $1K | — | View 990 |
| 2019 | $96K | $103K | $205K | $1K | — | View 990 |
| 2018 | $58K | $88K | $212K | $2K | — | View 990 |
| 2017 | $81K | $102K | $244K | $3K | — | View 990 |
| 2016 | $69K | $106K | $265K | $3K | — | View 990 |
| 2015 | $82K | $78K | $302K | $3K | — | View 990 |
| 2014 | $78K | $84K | $297K | $3K | — | View 990 |
| 2013 | $89K | $59K | $303K | $3K | — | View 990 |
| 2012 | $204K | $51K | $272K | $2K | — | View 990 |
| 2011 | $57K | $59K | $240K | $3K | — | View 990 |
| 2010 | $40K | $44K | $241K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $129K, expenses of $136K, and assets of $241K (revenue -6.5% year-over-year).
- 2022: Revenue of $138K, expenses of $107K, and assets of $249K (revenue -22.8% year-over-year).
- 2021: Revenue of $178K, expenses of $145K, and assets of $242K (revenue +84.9% year-over-year).
- 2020: Revenue of $96K, expenses of $117K, and assets of $185K (revenue +-0.0% year-over-year).
- 2019: Revenue of $96K, expenses of $103K, and assets of $205K (revenue +67.6% year-over-year).
- 2018: Revenue of $58K, expenses of $88K, and assets of $212K (revenue -29.0% year-over-year).
- 2017: Revenue of $81K, expenses of $102K, and assets of $244K (revenue +17.9% year-over-year).
- 2016: Revenue of $69K, expenses of $106K, and assets of $265K (revenue -16.3% year-over-year).
- 2015: Revenue of $82K, expenses of $78K, and assets of $302K (revenue +5.2% year-over-year).
- 2014: Revenue of $78K, expenses of $84K, and assets of $297K (revenue -12.5% year-over-year).
- 2013: Revenue of $89K, expenses of $59K, and assets of $303K (revenue -56.2% year-over-year).
- 2012: Revenue of $204K, expenses of $51K, and assets of $272K (revenue +254.0% year-over-year).
- 2011: Revenue of $57K, expenses of $59K, and assets of $240K (revenue +43.4% year-over-year).
- 2010: Revenue of $40K, expenses of $44K, and assets of $241K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Veterans Of Foreign Wars Of The United States Dept Of Maine:
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.