Legatus of Boston

Analysis

Legatus of Boston 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 of Boston reported income of $65k and spending of $61k, spending 93% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $68k to $65k (-4.5%), an average of -1.5% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Legatus of Boston sits at the 25th percentile: it is larger than about 25% 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 PTA Ohio Congress ($65k), Rehoboth Summer Childrens Theatre ($65k) and Operation Vest Inc ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 22% of the total. At year end it held assets of $28k against liabilities of $0, net assets of $28k.