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 $115k and spending of $102k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $93k to $115k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 100% 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 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within MI. Charities of a similar size with the same main cause include Bells Crossing Elementary School PTA ($115k), Thunder Bay Theatre Inc ($115k) and Citizen Opinion Inc ($115k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 4.1% of the total. At year end it held assets of $64k against liabilities of $0, net assets of $64k.