Overview
What is American Legion Charities Inc?
American Legion Charities Inc, based in Indianapolis, Indiana, operates with a mission to benefit the American public by collecting funds for the initiatives and programs of the American Legion and its local branches. The organization's primary focus lies in raising funds to support various patriotic services for veterans, youth, military personnel, and communities. Their dedication to this cause is essential in advancing the welfare of people across the United States.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: Zero-Star out of Four Stars (40%)
American Legion Charities Inc received a Zero-Star rating from Charity Navigator, primarily due to significant concerns with its financial metrics. While the charity excels in governance and accountability, evidenced by a fully independent board and proper oversight mechanisms, its financial ratios indicate a troubling situation. Specifically, the organization has a high liabilities-to-assets ratio and a low program expenses ratio, suggesting that a very small portion of funds is being directed toward its mission.
The organization demonstrates strong governance practices, such as having no material diversion of assets and maintaining a conflict of interest policy. These factors contributed to a perfect score in accountability and finance for certain aspects. However, the overall financial health is a critical area of concern, as the charity is not effectively utilizing its funds for charitable purposes, which raises questions about its operational efficiency.
Moreover, the fundraising efficiency ratio shows that it costs $1.13 to raise each dollar, indicating higher costs associated with fundraising efforts. Additionally, a negative working capital ratio suggests potential liquidity issues, which may hinder its ability to sustain operations long-term. Overall, while the governance of American Legion Charities Inc is commendable, its financial management practices need significant improvement to ensure effective service delivery.
This AI summary has been generated from information found on Charity Navigator.
Is American Legion Charities Inc legitimate?
American Legion Charities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Legion Charities Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $9,544,992
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of American Legion Charities Inc?
The American Legion Charities is dedicated to raising funds to support various patriotic programs and services benefiting veterans, youth, military personnel, and communities in the United States. Their mission is geared towards promoting the common good and enhancing the general welfare of American citizens. Through their charitable efforts, they contribute to the important initiatives of the American Legion and its affiliated departments and posts.
Who is the CEO of American Legion Charities Inc?
Unavailable
What is the revenue of American Legion Charities Inc?
American Legion Charities Inc's revenue in 2022 was $21,995,067.
Who are the executives of American Legion Charities Inc and what are their salaries?
There 9 volunteers at American Legion Charities Inc.
Here are 13 key members and their salaries:
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Where can I find the form 990 for American Legion Charities Inc?
American Legion Charities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of American Legion Charities Inc
The American Legion Charities, a dedicated organization, strives to advance the welfare of the American populace by gathering funds to sponsor the initiatives and projects of the American Legion and its affiliates. This charitable entity is committed to serving veterans, youth, military personnel, and their respective communities.
In pursuit of their mission, the American Legion Charities raise money to support a range of patriotic programs and services. These programs cater to various groups, with a particular focus on veterans, who have selflessly served their country. By providing financial assistance to the American Legion and its departments and posts, the American Legion Charities enable the execution of initiatives aimed at enhancing the lives of veterans and their families.
Moreover, the American Legion Charities extend their reach to the youth of the United States, offering them opportunities for growth and development. By supporting the projects of the American Legion, the charitable organization encourages the next generation to embrace the values of community, patriotism, and service.
The American Legion Charities also extend their support to military personnel, recognizing their unwavering dedication to securing the nation's freedom. Through their fundraising efforts, the organization enables the American Legion to offer assistance and resources to military personnel and their families, ensuring they receive the care and recognition they deserve.
In summary, the American Legion Charities, a vital nonprofit organization, raises funds to help the American Legion and its affiliates deliver programs and services to veterans, youth, military personnel, and their communities. Their mission is centered around promoting the common good and the general welfare of the American people.
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Impact
October, 2024
American Legion Charities Inc significantly impacts the lives of veterans, youth, military personnel, and communities across the United States. By raising funds for patriotic programs and services, it promotes the common good and welfare of these groups. The charity supports initiatives that honor and assist veterans, ensuring they receive the recognition and services they deserve. Additionally, it invests in youth programs, fostering a sense of patriotism and community engagement among the younger generation. Through its efforts, American Legion Charities Inc plays a vital role in strengthening the bonds of community and patriotism, enhancing the quality of life for those who have served and their families. Its contributions help build a more supportive environment for military personnel, veterans, and their communities.
This information is meant to be a general summary of American Legion Charities Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $81,924
- Gross Receipts: $22,907,665
Assets and Liabilities:
- Total Assets: $5,625,325
- Total Liabilities: $9,428,421
- Net Assets: -$3,803,096
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Organization Details
Founding Year
2013
Phone
(317) 630-1229Main Address
700 N Pennsylvania Street, Indianapolis, IN, 46204
NTEE Category
Code: T30 - Philanthropy
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