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 $74k and spending of $70k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $78k to $74k (-4.3%), an average of -4.3% a year. Over the whole period it spent 90% 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 28th percentile within MI. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($74k), Northwest Scientific Association ($74k) and PTA North Carolina Congress ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.7% of the total. At year end it held assets of $28k against liabilities of $0, net assets of $28k.