Veterans Of Foreign Wars Of The United States Dept Of Maine
Veterans Of Foreign Wars Of The United States Dept Of Maine consistently grows assets with zero officer compensation.
EIN: 16026691 · Madison, ME · NTEE: W30Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $328K |
| Total Expenses | $77K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $645,762. |
| Net Assets | $646K |
| Transparency Score | 95/100 |
Is Veterans Of Foreign Wars Of The United States Dept Of Maine Legit?
Appears Legitimate
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: 16026691) is a nonprofit organization based in Madison, ME, classified under NTEE code W30Z. The organization reported total revenue of $328K and total assets of $669K 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 0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $139K |
| Total Expenses | $77K |
| Surplus / Deficit | +$62K |
| Total Assets | $646K |
| Net Assets | $646K |
| Operating Margin | 44.3% |
| Months of Reserves | 100.1 months |
Financial Health Grade: A
In 2023, Veterans Of Foreign Wars Of The United States Dept Of Maine reported a surplus of $62K with revenue exceeding expenses, holds 100.1 months of operating reserves (strong position).
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 0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +73.1% | +7.6% | +10.6% |
| 2022 | -23.0% | +14.7% | +1.5% |
| 2021 | +93.2% | +35.2% | +7.8% |
| 2020 | -15.3% | -22.0% | +1.4% |
| 2019 | -14.8% | +1.2% | +0.7% |
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 95 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 surplus of $62K, with revenue exceeding expenses.
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 assets reaching $645,762.
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 asset growth, reaching $645,762 in 202312.
- Zero reported officer compensation across all filings, indicating volunteer leadership.
- Strong financial stability with liabilities consistently at $0 in recent years.
- Revenue growth trend, from $53,994 in 202012 to $139,032 in 202312.
- Expenses consistently well below revenue, demonstrating efficient 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 legitimate charity?
Based on AI analysis of IRS 990 filings, Veterans Of Foreign Wars Of The United States Dept Of Maine (EIN: 16026691) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 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 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 Dept Of Maine tax-deductible?
Veterans Of Foreign Wars Of The United States Dept Of Maine is registered as a tax-exempt nonprofit (EIN: 16026691). 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 $645,762. annually. The organization reported $328K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Veterans Of Foreign Wars Of The United States Dept Of Maine compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Veterans Of Foreign Wars Of The United States Dept Of Maine is above average for NTEE category W30Z 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 Madison, Maine and files with the IRS under EIN 16026691. It is classified under NTEE code W30Z.
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 $328K in total revenue.
Is Veterans Of Foreign Wars Of The United States Dept Of Maine financially stable?
Yes, the organization is financially stable. It has consistently reported positive net assets, with assets growing from $534,107 in 202012 to $645,762 in 202312, and liabilities consistently at $0 in recent years.
How efficient is Veterans Of Foreign Wars Of The United States Dept Of Maine with its spending?
The organization appears highly efficient. Expenses are consistently lower than revenue (e.g., $77,383 expenses vs. $139,032 revenue in 202312), and the absence of officer compensation suggests a very low administrative overhead, maximizing funds for its mission.
Does Veterans Of Foreign Wars Of The United States Dept Of Maine pay its officers?
No, the IRS 990 filings consistently show 0% officer compensation across all 14 available periods, indicating a volunteer leadership structure.
Has the organization's revenue been increasing?
Yes, the organization has shown a positive trend in revenue, increasing from $53,994 in 202012 to $139,032 in 202312.
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 5.5%, moving from $132K to $139K. Total assets increased by 29.6% over the same period, from $498K to $646K. Total functional expenses fell by 39.2%, from $127K to $77K. In its most recent filing year (2023), Veterans Of Foreign Wars Of The United States Dept Of Maine reported a surplus of $62K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $139K | $77K | $646K | $0 | — | — |
| 2022 | $80K | $72K | $584K | $0 | — | View 990 |
| 2021 | $104K | $63K | $576K | $0 | — | View 990 |
| 2020 | $54K | $46K | $534K | $0 | — | View 990 |
| 2019 | $64K | $59K | $526K | $0 | — | — |
| 2018 | $75K | $59K | $523K | $540 | — | View 990 |
| 2017 | $60K | $47K | $507K | $540 | — | View 990 |
| 2016 | $76K | $52K | $495K | $1K | — | View 990 |
| 2015 | $66K | $87K | $506K | $540 | — | View 990 |
| 2014 | $134K | $126K | $526K | $0 | — | View 990 |
| 2013 | $121K | $100K | $518K | $0 | — | View 990 |
| 2012 | $120K | $93K | $498K | $0 | — | View 990 |
| 2011 | $100K | $128K | $471K | $0 | — | View 990 |
| 2010 | $132K | $127K | $498K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $139K, expenses of $77K, and assets of $646K (revenue +73.1% year-over-year).
- 2022: Revenue of $80K, expenses of $72K, and assets of $584K (revenue -23.0% year-over-year).
- 2021: Revenue of $104K, expenses of $63K, and assets of $576K (revenue +93.2% year-over-year).
- 2020: Revenue of $54K, expenses of $46K, and assets of $534K (revenue -15.3% year-over-year).
- 2019: Revenue of $64K, expenses of $59K, and assets of $526K (revenue -14.8% year-over-year).
- 2018: Revenue of $75K, expenses of $59K, and assets of $523K (revenue +25.4% year-over-year).
- 2017: Revenue of $60K, expenses of $47K, and assets of $507K (revenue -21.4% year-over-year).
- 2016: Revenue of $76K, expenses of $52K, and assets of $495K (revenue +15.1% year-over-year).
- 2015: Revenue of $66K, expenses of $87K, and assets of $506K (revenue -51.0% year-over-year).
- 2014: Revenue of $134K, expenses of $126K, and assets of $526K (revenue +11.4% year-over-year).
- 2013: Revenue of $121K, expenses of $100K, and assets of $518K (revenue +0.2% year-over-year).
- 2012: Revenue of $120K, expenses of $93K, and assets of $498K (revenue +20.0% year-over-year).
- 2011: Revenue of $100K, expenses of $128K, and assets of $471K (revenue -23.8% year-over-year).
- 2010: Revenue of $132K, expenses of $127K, and assets of $498K.
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.