Gloucester V F W Inc is a 501(c)(7) organization based in Gloucester, Massachusetts, registered in 2000, with $58,818 in FY2024 revenue. CharityIndex grades it F.
Revenue (FY2024)
$59K
▼ 32.1% vs prior year
Recreation median: $129K
Expenses (FY2024)
$105K
Net assets
$8,216
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Gloucester V F W Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Gloucester V F W Inc: 1 mo reserves · -79% margin earns a F on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Gloucester V F W Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Gloucester V F W Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue declined from $62K (FY2021) to $59K (FY2024) across 4 reported years.
Financial snapshot
Operating margin
-79.1%
Spent more than it raised in the latest fiscal year.
Total assets
$38K
Total liabilities
$30K
Net assets
$8,216
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $58,818▼32.1% | $105,315▲8.0% | $8,216▼85.0% | $37,811▼49.0% | 990EZ |
| 2023 | $86,568▼25.7% | $97,532▼7.0% | $54,713▼16.7% | $74,182▼18.0% | 990EZ |
| 2022 | $116,569▲88.2% | $104,860▲83.2% | $65,677▲21.7% | $90,454▲17.4% | 990EZ |
| 2021 | $61,947 | $57,237 | $53,968 | $77,060 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Gloucester V F W Inc (EIN 04-3348699) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.