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 $137k and spending of $128k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $123k to $137k (+12%), an average of +12% a year. 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 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within MI. Charities of a similar size with the same main cause include Missouri Council of Teachers of Mathematics ($137k), V O T Inc ($137k) and Association of Mathematics Teachers of New York State ($137k).

At year end it held assets of $126k against liabilities of $0, net assets of $126k.