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. Its declared purposes cover religion-related, which this site groups under religion. 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 2022, Legatus reported income of $6.6m and spending of $5.5m, spending 83% of its income. Across the 5 years on record, from December 2018 to December 2022, income grew from $5.0m to $6.6m (+33%), an average of +7.3% a year. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Legatus sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include Intentional Life Media ($6.6m), United Methodist Village Retirement Communities Inc ($6.6m) and Esperanza Charitable Fund ($6.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 59% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $423k (7.6% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $8.0m against liabilities of $5.4m, net assets of $2.6m. It reported 40 employees.