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 $58k and spending of $54k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $59k to $58k (-0.6%), an average of -0.6% a year. Over the whole period it spent 92% 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 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 22nd percentile within MI. Charities of a similar size with the same main cause include Pickens County Historical Society ($58k), Bank High School Alumni Foundation Inc ($58k) and Kentucky Association for Gifted Education Inc ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 5.2% of the total. At year end it held assets of $59k against liabilities of $0, net assets of $59k.