Veterans Of Foreign Wars Of The United States Dept Of Maine

Veterans Of Foreign Wars Of The United States Dept Of Maine consistently operates at break-even with no executive compensation.

EIN: 10344591 · Old Orchd Bch, ME · Updated: 2026-03-28

$115KRevenue

$168KAssets

90/100Mission Score (Excellent)

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

Veterans Of Foreign Wars Of The United States Dept Of Maine (EIN: 10344591) is a nonprofit organization based in Old Orchd Bch, ME. The organization reported total revenue of $115K and total assets of $168K 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 balancing out over the past decade. For instance, in the 202406 period, revenue was $31,952 and expenses were $31,952, indicating a break-even operation. The organization maintains a stable asset base, consistently around $150,000-$170,000, with current assets at $167,601. Liabilities have fluctuated but are relatively low compared to assets, standing at $5,767 in the latest filing, suggesting good financial solvency.

The organization's spending efficiency appears to be strong, particularly given the reported 0% officer compensation across all available filings. This indicates that leadership is not drawing salaries, which can free up more funds for programmatic activities. While specific program spending details are not provided in the summary data, the absence of executive compensation is a positive indicator for donor confidence. The consistent filing of IRS 990 forms over 13 periods also points to a commitment to transparency.

Overall, the organization appears to be a well-managed entity with stable finances and a clear commitment to its mission, as evidenced by its operational consistency and lack of executive compensation. Its ability to maintain assets and manage liabilities effectively, even with fluctuating revenues, suggests a prudent approach to financial stewardship.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Veterans Of Foreign Wars Of The United States Dept Of Maine with a Mission Score of 90 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.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that officers are not paid salaries, which is highly favorable for directing funds towards the organization's mission.

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 Dept Of Maine:

Consistent 0% officer compensation, maximizing funds for mission.
Stable asset base, consistently above $150,000.
Low and decreasing liabilities, indicating strong financial health.
Regular and consistent IRS 990 filing history, demonstrating transparency.
Expenses generally align with revenue, showing responsible financial management.

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 good charity?

Based on the provided financial data, the organization appears to be a good charity. It consistently operates with no executive compensation, maintains stable assets, and has a history of regular IRS 990 filings, all indicating strong financial health and transparency.

How does the organization manage its expenses relative to revenue?

The organization generally manages its expenses to align closely with its revenue. For example, in 202406, revenue was $31,952 and expenses were $31,952, indicating a break-even operation. While there are periods of slight deficits (e.g., 202006: Revenue $35,679, Expenses $43,539), these are balanced by periods of surpluses (e.g., 202306: Revenue $24,027, Expenses $19,423), demonstrating prudent financial management over time.

What is the trend in the organization's assets and liabilities?

The organization's assets have remained relatively stable, fluctuating between $152,961 (201606) and $171,376 (202006), with the latest reported assets at $167,601. Liabilities have also been managed effectively, showing a general decrease from a high of $22,450 (201506) to $5,767 in the latest filing, indicating improving financial stability.

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 (2012–2024), Veterans Of Foreign Wars Of The United States Dept Of Maine's revenue has declined by 1.2%, moving from $32K to $32K. Total assets decreased by 5% over the same period, from $176K to $168K. Total functional expenses rose by 8.8%, from $29K to $32K. In its most recent filing year (2024), Veterans Of Foreign Wars Of The United States Dept Of Maine reported a surplus of $0, with revenue exceeding expenses. The organization holds $6K in liabilities against $168K in assets (debt-to-asset ratio: 3.4%), resulting in net assets of $162K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$32K	$32K	$168K	$6K	—	—
2023	$24K	$19K	$168K	$6K	—	—
2022	$29K	$29K	$168K	$6K	—	—
2021	$30K	$30K	$168K	$6K	—	—
2020	$36K	$44K	$171K	$10K	—	View 990
2019	$46K	$48K	$170K	$1K	—	View 990
2018	$36K	$32K	$162K	$7K	—	View 990
2017	$33K	$32K	$153K	$12K	—	—
2016	$21K	$26K	$153K	$18K	—	—
2015	$26K	$36K	$158K	$22K	—	View 990
2014	$23K	$28K	$168K	$25K	—	View 990
2013	$42K	$45K	$173K	$26K	—	View 990
2012	$32K	$29K	$176K	$28K	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $32K, expenses of $32K, and assets of $168K (revenue +33.0% year-over-year).
2023: Revenue of $24K, expenses of $19K, and assets of $168K (revenue -16.3% year-over-year).
2022: Revenue of $29K, expenses of $29K, and assets of $168K (revenue -3.3% year-over-year).
2021: Revenue of $30K, expenses of $30K, and assets of $168K (revenue -16.8% year-over-year).
2020: Revenue of $36K, expenses of $44K, and assets of $171K (revenue -23.2% year-over-year).
2019: Revenue of $46K, expenses of $48K, and assets of $170K (revenue +28.0% year-over-year).
2018: Revenue of $36K, expenses of $32K, and assets of $162K (revenue +11.7% year-over-year).
2017: Revenue of $33K, expenses of $32K, and assets of $153K (revenue +56.5% year-over-year).
2016: Revenue of $21K, expenses of $26K, and assets of $153K (revenue -21.3% year-over-year).
2015: Revenue of $26K, expenses of $36K, and assets of $158K (revenue +14.7% year-over-year).
2014: Revenue of $23K, expenses of $28K, and assets of $168K (revenue -44.7% year-over-year).
2013: Revenue of $42K, expenses of $45K, and assets of $173K (revenue +28.6% year-over-year).
2012: Revenue of $32K, expenses of $29K, and assets of $176K.

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.