Veterans Of Foreign Wars Of The United States Dept Of Maine
VFW Dept Of Maine: Strong Mission, Financial Stability Concerns
EIN: 222512306 · Ellsworth, ME · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $314K |
| Total Expenses | $117K |
| Program Spending | 80% |
| Net Assets | $66K |
| 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 80% 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: 222512306) is a nonprofit organization based in Ellsworth, ME. The organization reported total revenue of $314K and total assets of $110K 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 20.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $96K |
| Total Expenses | $117K |
| Surplus / Deficit | $-21,017 |
| Total Assets | $66K |
| Net Assets | $66K |
| Operating Margin | -21.9% |
| Months of Reserves | 6.8 months |
Financial Health Grade: B
In 2023, Veterans Of Foreign Wars Of The United States Dept Of Maine reported a deficit of $21K with expenses exceeding revenue, holds 6.8 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 20.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.0% | +73.8% | -24.2% |
| 2022 | +113.4% | +60.0% | +44.4% |
| 2021 | +180.2% | +310.2% | +3.5% |
| 2020 | +354.3% | -67.2% | +10.4% |
| 2019 | -83.0% | -29.8% | -34.5% |
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: 80%
- fundraising: 10%
According to IRS 990 filings, Veterans Of Foreign Wars Of The United States Dept Of Maine allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $21K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation information is not detailed in the provided data, suggesting it is below reporting thresholds or not applicable for this specific entity's filing structure.
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:
- Significant decline in net assets from $104,604 in 2017 to $52,758 in 2019, indicating potential financial strain.
- Expenses frequently exceed revenue in multiple years, notably in 2019 ($31,209 expenses vs $3,457 revenue) and 2018 ($44,431 expenses vs $20,337 revenue).
Strengths
The following positive indicators were identified for Veterans Of Foreign Wars Of The United States Dept Of Maine:
- Consistent mission focus on supporting veterans.
- Demonstrated ability to recover and increase revenue in recent years, with $95,824 in 2023.
- Maintains a positive asset base, indicating some financial 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: 222512306) 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: $314K. 2 red flags identified. 3 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 80% of its spending to programs and services. Fundraising costs 10%. 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: 222512306). 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 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
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 Ellsworth, Maine and files with the IRS under EIN 222512306.
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 $314K in total revenue.
What does Veterans Of Foreign Wars Of The United States Dept Of Maine do?
Veterans Of Foreign Wars Of The United States Dept Of Maine is a nonprofit organization in the Unknown sector, located in Ellsworth, Maine. It is classified under NTEE code Unknown.
How much revenue does Veterans Of Foreign Wars Of The United States Dept Of Maine have?
Veterans Of Foreign Wars Of The United States Dept Of Maine reported total revenue of $314,043. Based on 14 IRS 990 filings on record.
What are Veterans Of Foreign Wars Of The United States Dept Of Maine's total assets?
Veterans Of Foreign Wars Of The United States Dept Of Maine holds total assets of $109,719 as reported 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 based in Ellsworth, Maine.
What is Veterans Of Foreign Wars Of The United States Dept Of Maine's EIN?
Veterans Of Foreign Wars Of The United States Dept Of Maine's Employer Identification Number (EIN) is 222512306. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Veterans Of Foreign Wars Of The United States Dept Of Maine?
Veterans Of Foreign Wars Of The United States Dept Of Maine is classified under NTEE code Unknown (Unknown).
Is Veterans Of Foreign Wars Of The United States Dept Of Maine a registered 501(c)(3)?
Veterans Of Foreign Wars Of The United States Dept Of Maine appears in IRS records (EIN: 222512306). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Veterans Of Foreign Wars Of The United States Dept Of Maine file IRS Form 990?
Yes, Veterans Of Foreign Wars Of The United States Dept Of Maine has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Veterans Of Foreign Wars Of The United States Dept Of Maine's revenue in 2023?
In the 202312 filing period, Veterans Of Foreign Wars Of The United States Dept Of Maine reported total revenue of $95,824, total expenses of $116,841, and net assets of $65,942.
Is Veterans Of Foreign Wars Of The United States Dept Of Maine's revenue growing or declining?
Veterans Of Foreign Wars Of The United States Dept Of Maine's revenue is relatively stable. Revenue went from $93,932 (202212) to $95,824 (202312), a +2.0% change. Based on 14 filings on record.
What is Veterans Of Foreign Wars Of The United States Dept Of Maine's most recent 990 filing?
The most recent IRS Form 990 filing for Veterans Of Foreign Wars Of The United States Dept Of Maine covers tax period 202312. It shows revenue of $95,824, expenses of $116,841, total assets of $65,942, and liabilities of N/A.
How much does Veterans Of Foreign Wars Of The United States Dept Of Maine spend on programs vs administration?
Based on IRS 990 analysis, Veterans Of Foreign Wars Of The United States Dept Of Maine allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Veterans Of Foreign Wars Of The United States Dept Of Maine a trustworthy charity?
Based on AI analysis of IRS 990 data, Veterans Of Foreign Wars Of The United States Dept Of Maine appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 3 strengths noted.
What are the red flags for Veterans Of Foreign Wars Of The United States Dept Of Maine?
The following concerns were identified: Significant decline in net assets from $104,604 in 2017 to $52,758 in 2019, indicating potential financial strain.. Expenses frequently exceed revenue in multiple years, notably in 2019 ($31,209 expenses vs $3,457 revenue) and 2018 ($44,431 expenses vs $20,337 revenue).. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Veterans Of Foreign Wars Of The United States Dept Of Maine's strengths?
Positive indicators for Veterans Of Foreign Wars Of The United States Dept Of Maine include: Consistent mission focus on supporting veterans.. Demonstrated ability to recover and increase revenue in recent years, with $95,824 in 2023.. Maintains a positive asset base, indicating some financial resilience.. These findings are derived from AI analysis of the organization's financial filings.
How does Veterans Of Foreign Wars Of The United States Dept Of Maine compensate executives?
Executive compensation information is not detailed in the provided data, suggesting it is below reporting thresholds or not applicable for this specific entity's filing structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What strategies are in place to address the historical trend of expenses exceeding revenue, particularly given the significant deficit in 2019?
While recent years show improved revenue, the historical data indicates periods where expenses significantly outpaced revenue. Understanding the specific cost-cutting or revenue-generating initiatives implemented during those periods, and their long-term sustainability, would be crucial for assessing financial health.
How does the organization plan to grow its asset base, which has fluctuated significantly over the past several years, to ensure long-term stability?
The asset base has seen considerable variation, from a high of $104,604 in 2017 to a low of $52,758 in 2019, before recovering to $65,942 in 2023. A clear strategy for consistent asset growth and preservation would strengthen the organization's financial foundation.
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 1074.7%, moving from $8K to $96K. Total assets decreased by 38.1% over the same period, from $107K to $66K. Total functional expenses rose by 949.5%, from $11K to $117K. In its most recent filing year (2023), Veterans Of Foreign Wars Of The United States Dept Of Maine reported a deficit of $21K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $96K | $117K | $66K | $0 | — | — |
| 2022 | $94K | $67K | $87K | $0 | — | View 990 |
| 2021 | $44K | $42K | $60K | $0 | — | — |
| 2020 | $16K | $10K | $58K | $0 | — | View 990 |
| 2019 | $3K | $31K | $53K | $0 | — | View 990 |
| 2018 | $20K | $44K | $81K | $0 | — | View 990 |
| 2017 | $35K | $35K | $105K | $0 | — | View 990 |
| 2016 | $78K | $47K | $104K | $0 | — | View 990 |
| 2015 | $52K | $54K | $73K | $0 | — | View 990 |
| 2014 | $49K | $53K | $75K | $0 | — | View 990 |
| 2013 | $59K | $79K | $80K | $0 | — | View 990 |
| 2012 | $69K | $67K | $100K | $0 | — | View 990 |
| 2011 | $53K | $61K | $98K | $0 | — | View 990 |
| 2010 | $8K | $11K | $107K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $96K, expenses of $117K, and assets of $66K (revenue +2.0% year-over-year).
- 2022: Revenue of $94K, expenses of $67K, and assets of $87K (revenue +113.4% year-over-year).
- 2021: Revenue of $44K, expenses of $42K, and assets of $60K (revenue +180.2% year-over-year).
- 2020: Revenue of $16K, expenses of $10K, and assets of $58K (revenue +354.3% year-over-year).
- 2019: Revenue of $3K, expenses of $31K, and assets of $53K (revenue -83.0% year-over-year).
- 2018: Revenue of $20K, expenses of $44K, and assets of $81K (revenue -42.2% year-over-year).
- 2017: Revenue of $35K, expenses of $35K, and assets of $105K (revenue -54.9% year-over-year).
- 2016: Revenue of $78K, expenses of $47K, and assets of $104K (revenue +50.6% year-over-year).
- 2015: Revenue of $52K, expenses of $54K, and assets of $73K (revenue +5.8% year-over-year).
- 2014: Revenue of $49K, expenses of $53K, and assets of $75K (revenue -17.3% year-over-year).
- 2013: Revenue of $59K, expenses of $79K, and assets of $80K (revenue -14.0% year-over-year).
- 2012: Revenue of $69K, expenses of $67K, and assets of $100K (revenue +29.9% year-over-year).
- 2011: Revenue of $53K, expenses of $61K, and assets of $98K (revenue +550.0% year-over-year).
- 2010: Revenue of $8K, expenses of $11K, and assets of $107K.
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.