Legatus

Analysis

Legatus is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in September 1989, 37 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Legatus reported income of $98k and spending of $111k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $82k to $98k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Legatus sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within MI. Charities of a similar size with the same main cause include Sunnyvale Congregational Christian Church of American Samoa ($98k), Beulah Senior Citizen Club Inc ($98k) and Owens Foundation ($98k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 11% of the total. At year end it held assets of $57k against liabilities of $0, net assets of $57k.