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 $54k and spending of $76k, spending 141% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $94k to $54k (-42%), an average of -42% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 101% 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 21st percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 20th percentile within MI. Charities of a similar size with the same main cause include Crandall Melvin Chair for Wills & Trusts ($54k), Reedsport Volunteer Fire Department Inc ($54k) and Butte Citizens for Preservation and Revitalization Inc ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 5.3% of the total. At year end it held assets of $84k against liabilities of $0, net assets of $84k.