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 $75k and spending of $65k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $63k to $75k (+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 96% 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 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 29th percentile within MI. Charities of a similar size with the same main cause include Bstrong Together NFP ($75k), Shorenorth Parent Education Center ($75k) and Downtown Indiana a Non-Profit Corporation ($75k).

At year end it held assets of $76k against liabilities of $38k, net assets of $38k.