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 $90k and spending of $112k, spending 125% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $84k to $90k (+7.2%), an average of +7.2% a year. Over the whole period it spent 124% 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 34th percentile, and in the 34th percentile within MI. Charities of a similar size with the same main cause include Kentahten Institute of Waldorf Instrucktin Inc ($90k), Taft Parent Teacher Organization Inc ($90k) and Virginia Congress of Parents and Teachers ($90k).

At year end it held assets of $54k against liabilities of $0, net assets of $54k.