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 $108k and spending of $69k, leaving 36% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $150k to $108k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 76% 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 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within MI. Charities of a similar size with the same main cause include Little Friends Co-Op Nursery School ($108k), PTA Florida Congress ($108k) and Flintridge Guild of Childrens Hospital of Los Angeles ($108k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 5.7% of the total. At year end it held assets of $154k against liabilities of $0, net assets of $154k.