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 $56k and spending of $56k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $55k to $56k (+1.3%), an average of +1.3% a year. Over the whole period it spent 96% 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 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 21st percentile within MI. Charities of a similar size with the same main cause include Michigan Farm and Garden Foundation Inc ($56k), Miami Obedience Club Inc ($56k) and Fairway to Heaven ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 4.8% of the total. At year end it held assets of $57k against liabilities of $0, net assets of $57k.