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 $92k and spending of $87k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $74k to $92k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 104% 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 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within MI. Charities of a similar size with the same main cause include Kiel Cooperative Preschool ($92k), Hopedale Cable Access Inc ($92k) and Parent Booster USA Inc ($92k).

At year end it held assets of $67k against liabilities of $0, net assets of $67k.