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. Its declared purposes cover religion-related, which this site groups under religion. 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 $104k and spending of $122k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $76k to $104k (+36%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 111% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Legatus sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within MI. Charities of a similar size with the same main cause include Central Texas Tres Dias Inc ($104k), Mont Sinai Ministries Bayonnais Inc ($104k) and Shining Bright Outreach Ministries ($104k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 4.3% of the total. At year end it held assets of $40k against liabilities of $0, net assets of $40k.