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 $93k and spending of $86k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $92k to $93k (+0.7%), an average of +0.7% a year. Over the whole period it spent 91% 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 35th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 35th percentile within MI. Charities of a similar size with the same main cause include Edenton-Chowan Educational Foundation Inc ($93k), Friends of the Carson City Library ($93k) and Needham B Broughton High School Band Boosters Inc ($93k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 14% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.