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 $82k and spending of $105k, spending 127% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $101k to $82k (-19%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 118% 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 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within MI. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($82k), Shannons Hope ($82k) and PTA New York Congress ($82k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 8.2% of the total. At year end it held assets of $85k against liabilities of $0, net assets of $85k.