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).

In the financial year ending December 2023, Legatus reported income of $52k and spending of $63k, spending 120% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $68k to $52k (-23%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 104% 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 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 19th percentile within MI. Charities of a similar size with the same main cause include Northern Delaware Intergroup Inc ($52k), The Hancock Health Foundation Inc ($52k) and Little League Baseball Inc ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 3.4% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.