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: 10410982 · Belfast, ME · NTEE: W30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $252K |
| Total Expenses | $95K |
| Program Spending | 85% |
| Net Assets | $304K |
| Transparency Score | 90/100 |
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 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: 10410982) is a nonprofit organization based in Belfast, ME, classified under NTEE code W30. The organization reported total revenue of $252K and total assets of $323K 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 10 years, with 7 years of IRS 990 filings on record (2010–2024). Revenue has grown at a compound annual rate of 5.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $93K |
| Total Expenses | $95K |
| Surplus / Deficit | $-1,985 |
| Total Assets | $305K |
| Total Liabilities | $2K |
| Net Assets | $304K |
| Operating Margin | -2.1% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 38.5 months |
Financial Health Grade: B
In 2024, Veterans Of Foreign Wars Of The United States Dept Of Maine reported a deficit of $2K with expenses exceeding revenue, holds 38.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 7 years of filings (2010–2024), Veterans Of Foreign Wars Of The United States Dept Of Maine's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -14.4% | -16.2% | -1.6% |
| 2023 | -8.5% | +3.0% | -2.5% |
| 2022 | +1.9% | +37.4% | +4.5% |
| 2021 | +68.7% | +5.3% | +16.6% |
| 2020 | -38.1% | -35.9% | -0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
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 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: 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.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all seven filings, indicating a volunteer-led structure and ensuring all funds are directed towards the mission or operational costs rather than executive salaries.
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:
- Expenses slightly exceeded revenue in the latest period (202406), with $95,077 in expenses against $93,092 in revenue, though this is a minor deficit.
Strengths
The following positive indicators were identified for Veterans Of Foreign Wars Of The United States Dept Of Maine:
- Consistent asset growth from $13,672 in 2010 to $305,358 in 2024, indicating strong financial management.
- Zero officer compensation reported across all seven filings, demonstrating a highly efficient, volunteer-driven leadership model.
- Regular and consistent IRS 990 filings (7 filings provided), indicating good transparency practices.
- Maintains relatively low liabilities compared to assets, suggesting sound financial health.
- Long-standing presence with financial data spanning over a decade, showing organizational resilience.
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: 10410982) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 90/100. It has 7 years of IRS 990 filings on record. Total revenue: $252K. 1 red flag identified. 5 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 85% of its spending to programs and services. Fundraising costs 5%. 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: 10410982). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Veterans Of Foreign Wars Of The United States Dept Of Maine's spending goes to programs?
Veterans Of Foreign Wars Of The United States Dept Of Maine directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Veterans Of Foreign Wars Of The United States Dept Of Maine compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Veterans Of Foreign Wars Of The United States Dept Of Maine is above average for NTEE category W30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
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 Belfast, Maine and files with the IRS under EIN 10410982. It is classified under NTEE code W30.
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 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 $252K 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 appears to be a good charity. It demonstrates strong financial stability with growing assets, consistent transparency through IRS 990 filings, and notably, zero officer compensation, suggesting a high proportion of funds are dedicated to its mission.
How has the organization's financial health changed over time?
The organization's financial health has improved significantly over time, with assets growing from $13,672 in 2010 to $305,358 in 2024. While revenue and expenses have fluctuated annually, the overall trend shows substantial asset growth and consistent operational stability.
What is the organization's approach to executive compensation?
The organization has a highly efficient approach to executive compensation, reporting 0% officer compensation in all available filings. This indicates that its leadership is entirely volunteer-based, maximizing the funds available for its programs and operations.
Filing History
IRS 990 filing history for Veterans Of Foreign Wars Of The United States Dept Of Maine showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2010–2024), Veterans Of Foreign Wars Of The United States Dept Of Maine's revenue has grown by 102.3%, moving from $46K to $93K. Total assets increased by 2133.5% over the same period, from $14K to $305K. Total functional expenses rose by 157.7%, from $37K to $95K. In its most recent filing year (2024), Veterans Of Foreign Wars Of The United States Dept Of Maine reported a deficit of $2K, with expenses exceeding revenue. The organization holds $2K in liabilities against $305K in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $304K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $93K | $95K | $305K | $2K | — | — |
| 2023 | $109K | $113K | $310K | $5K | — | — |
| 2022 | $119K | $110K | $318K | $8K | — | View 990 |
| 2021 | $117K | $80K | $304K | $3K | — | View 990 |
| 2020 | $69K | $76K | $261K | $11K | — | View 990 |
| 2019 | $112K | $119K | $262K | $6K | — | — |
| 2010 | $46K | $37K | $14K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $93K, expenses of $95K, and assets of $305K (revenue -14.4% year-over-year).
- 2023: Revenue of $109K, expenses of $113K, and assets of $310K (revenue -8.5% year-over-year).
- 2022: Revenue of $119K, expenses of $110K, and assets of $318K (revenue +1.9% year-over-year).
- 2021: Revenue of $117K, expenses of $80K, and assets of $304K (revenue +68.7% year-over-year).
- 2020: Revenue of $69K, expenses of $76K, and assets of $261K (revenue -38.1% year-over-year).
- 2019: Revenue of $112K, expenses of $119K, and assets of $262K (revenue +142.9% year-over-year).
- 2010: Revenue of $46K, expenses of $37K, and assets of $14K.
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.