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 $85k and spending of $80k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $76k to $85k (+11%), an average of +11% a year. Over the whole period it spent 111% 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 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within MI. Charities of a similar size with the same main cause include PTA Texas Congress ($85k), Give Kids a Smile Inc ($85k) and PTA California Congress of Parents Teachers & Students Inc ($85k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.5% of the total. At year end it held assets of $101k against liabilities of $0, net assets of $101k.