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 $82k and spending of $79k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $62k to $82k (+31%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 111% 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 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within MI. Charities of a similar size with the same main cause include Celestial Church of Christ ($82k), Little League Baseball Inc ($82k) and Patriot Catfishing Inc ($82k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 4.9% of the total. At year end it held assets of $34k against liabilities of $0, net assets of $34k.