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 $177k and spending of $216k, spending 122% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $217k to $177k (-18%), an average of -9.6% a year. The sharpest change came in the year to December 2022, when income dropped by 33%. Over the whole period it spent 102% 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 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within MI. Charities of a similar size with the same main cause include Wesley Chapel Elementary PTO ($177k), Friends of the Lafayette Library and Learning Center ($177k) and Child Haven International -Usa- Inc ($177k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.5% of the total. At year end it held assets of $125k against liabilities of $0, net assets of $125k.