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 $70k and spending of $57k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $65k to $70k (+7.2%), an average of +7.2% a year. Over the whole period it spent 89% 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 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 27th percentile within MI. Charities of a similar size with the same main cause include Little League Baseball Inc ($70k), Massachusetts Association of Realtors Inc Charitable Foundation ($70k) and Legatus ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 31% of the total. At year end it held assets of $34k against liabilities of $0, net assets of $34k.