Herman A Spear American Legion Post 331
Only null% goes to programs Thin reserves Growing revenue
Herman A Spear American Legion Post 331 is a 501(c)(3) organization based in Beverly, Massachusetts, registered in 2025, with $272,175 in FY2018 revenue. CharityIndex grades it D.
3 Judson St, Beverly, MA, 01915 EIN 04-2312715 Since 2025
Revenue (FY2018)
$272K
▲ 1.1% vs prior year
Education median: $200K
Expenses (FY2018)
$281K
Net assets
-$52K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
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 Herman A Spear American Legion Post 331— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · -3% margin
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 Herman A Spear American Legion Post 331: 0 mo reserves · -3% margin earns a D on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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 Herman A Spear American Legion Post 331— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FTransparency10% of the rating0 of 5 disclosure signals
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 Herman A Spear American Legion Post 331: 0 of 5 disclosure signals earns a F on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 3 Judson St, Beverly, MA, 01915
- City
- Beverly
- State
- Massachusetts
- Category
- Education
- Subcategory
- Educational Services
Financial trends
Revenue grew from $144K (FY2013) to $272K (FY2018) across 6 reported years.
Financial snapshot
Financial health & position (FY2018)
Liabilities $328KNet assets -$52K
Operating margin
-3.2%
Spent more than it raised in the latest fiscal year.
Total assets
$276K
Total liabilities
$328K
Net assets
-$52K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2018 | $272,175▲1.1% | $280,753▼4.3% | -$52,031▼19.7% | $275,693▼7.9% | 990 |
| 2017 | $269,336▼5.1% | $293,305▲6.3% | -$43,453▼123% | $299,252▼11.4% | 990 |
| 2016 | $283,670▲27.2% | $275,995▲17.2% | -$19,484▲28.3% | $337,769▼1.8% | 990 |
| 2015 | $223,080▲29.0% | $235,393▲22.2% | -$27,159▼82.9% | $343,948▼6.9% | 990 |
| 2014 | $172,925▲19.8% | $192,607▼0.6% | -$14,846▲89.8% | $369,366▲46.7% | 990 |
| 2013 | $144,315 | $193,712▲0.6% | -$145,164▼51.6% | $251,740▲21.4% | 990 |
| 2012 | — | $192,552 | -$95,767 | $207,422 | 990 |
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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Frequently asked questions
- Is Herman A Spear American Legion Post 331 a legitimate nonprofit?
- Yes. Herman A Spear American Legion Post 331 is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-2312715, based in Beverly, Massachusetts. Donations are tax-deductible.
- What is Herman A Spear American Legion Post 331's EIN?
- Herman A Spear American Legion Post 331's Employer Identification Number (EIN) is 04-2312715.
- How much revenue does Herman A Spear American Legion Post 331 report?
- Herman A Spear American Legion Post 331 reported $272,175 in total revenue on its fiscal year 2018 IRS Form 990 filing.
- What financial grade does Herman A Spear American Legion Post 331 have?
- CharityIndex grades Herman A Spear American Legion Post 331 D, based on financial health (reserves and operating margin).
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Data for Herman A Spear American Legion Post 331 (EIN 04-2312715) 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.