LITECOIN FOUNDATION INC

EIN: 881262826 501(c)(3) Public & Societal Benefit

SANTA MONICA, CA

Total Revenue
$243,453
Total Expenses
$217,627
Total Assets
$74,546
Net Assets
$74,546
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
CA
Principal Officer
ALAN AUSTIN
Phone
8009284161
Tax Period
2024-01-01 to 2024-12-31

LITECOIN FOUNDATION INC, founded in 2022, is a small nonprofit in the Public & Societal Benefit sector that reported $243K in total revenue in fiscal year 2024. Revenue surged 395% from the prior year, signaling strong growth momentum. Expenses of $218K left a modest 11% surplus.

Mission

LITECOIN FOUNDATION IS A NONPROFIT ORGANIZATION WHOSE MISSION IS TO PROMOTE THE ADOPTION, AWARENESS & DEVELOPMENT OF LITECOIN & ITS ECOSYSTEM.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $222,287
Program Service Revenue $21,166
Investment Income $0
Other Revenue $0
TOTAL REVENUE $243,453

Expense Breakdown

Grants Paid $0
Salaries & Benefits $76,611
Fundraising Expenses $1,631
Program Expenses $207,248
Other Expenses $141,016
TOTAL EXPENSES $217,627

Year-over-Year Comparison

2024 2023 Change
Revenue $243,453 $49,163 +4.0%
Expenses $217,627 $3,049 +70.4%
Net Income $25,826 $46,114 -0.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
1
Employees
N/A
Volunteers
20

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$32,610
Total Directors
3
$76,610
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALAN AUSTIN PRESIDENT 30.00
Officer Director
$32,610 $0 $32,610
KEITH YONG SECRETARY/TR 5.00
Officer
$0 $0 $0
XINXI WANG BOARD MEMBER 2.00
Director
$0 $0 $0
DAVID SCHWARTZ BOARD MEMBER 30.00
Director
$44,000 $0 $44,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $243,453 $217,627 $74,546 $25,826
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