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 $62k and spending of $79k, spending 127% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $68k to $62k (-9.7%), an average of -9.7% a year. Over the whole period it spent 125% 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 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 23rd percentile within MI. Charities of a similar size with the same main cause include Susieq Dog Resq Inc ($62k), Charles H Williams Trust ($62k) and Iglesia de LA Comunion Agape Inc ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.8% of the total. At year end it held assets of $19k against liabilities of $0, net assets of $19k.