American Legion Post 56

Analysis

American Legion Post 56 is a registered charity in United States, based in York, ME. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, American Legion Post 56 reported income of $77k and spending of $74k, spending 95% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $103k to $77k (-25%), an average of -5.5% a year. The sharpest change came in the year to December 2020, when income dropped by 54%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Legion Post 56 sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 23rd percentile within ME. Charities of a similar size with the same main cause include Center Moriches Volunteer Exempt Firemens Benevolent Association ($77k), The Bill Library Asscociation Inc ($77k) and West Coast Singers ($77k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 25% of the total. At year end it held assets of $40k against liabilities of $35k, net assets of $5,324.