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 $60k and spending of $69k, spending 114% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $47k to $60k (+29%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 26%. 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 sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 23rd percentile within MI. Charities of a similar size with the same main cause include Graces Helping Hand Corp ($60k), City of LA Vista Facilities Corpora Tion ($60k) and Texas Garden Clubs Inc ($60k).

At year end it held assets of $52k against liabilities of $41k, net assets of $10k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.