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 $114k and spending of $108k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $88k to $114k (+29%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 97% 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 40th percentile, and in the 40th percentile within MI. Charities of a similar size with the same main cause include Sun East Foundation Inc ($114k), North Carolina Scottish Rite Masonic Foundation Inc ($114k) and The Storehouse of Northeast Florida ($114k).

At year end it held assets of $54k against liabilities of $0, net assets of $54k.