Legatus of North Georgia

Analysis

Legatus of North Georgia 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 of North Georgia reported income of $66k and spending of $89k, spending 135% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $86k to $66k (-24%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Legatus of North Georgia sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 25th percentile within MI. Charities of a similar size with the same main cause include Hot Springs Area Cultural Alliance ($66k), Invading the Darkness Inc ($66k) and Brainerd Lakes Chamber Foundation ($66k).

At year end it held assets of $12k against liabilities of $0, net assets of $12k.