Bitcoin Legal Defense Fund
EIN: 873631882 · New York, NY · NTEE: I99
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $4.0M |
| Net Assets | $-599,565 |
Is Bitcoin Legal Defense Fund Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Bitcoin Legal Defense Fund
Bitcoin Legal Defense Fund (EIN: 873631882) is a nonprofit organization based in New York, NY, classified under NTEE code I99. The organization reported total revenue of $2.7M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bitcoin Legal Defense Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bitcoin Legal Defense Fund is a mid-size nonprofit that has been operating for 3 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 1011.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $4.0M |
| Surplus / Deficit | $-712,298 |
| Total Assets | $2.0M |
| Total Liabilities | $2.6M |
| Net Assets | $-599,565 |
| Operating Margin | -21.4% |
| Debt-to-Asset Ratio | 130.7% |
| Months of Reserves | 5.8 months |
Financial Health Grade: C
In 2023, Bitcoin Legal Defense Fund reported a deficit of $712K with expenses exceeding revenue, holds 5.8 months of operating reserves (adequate), has a debt-to-asset ratio of 130.7% (high leverage).
Financial Trends
Over 2 years of filings (2022–2023), Bitcoin Legal Defense Fund's revenue has grown at a compound annual growth rate (CAGR) of 1011.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1011.6% | +2061.2% | +777.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2023 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Bitcoin Legal Defense Fund has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bitcoin Legal Defense Fund with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $712K, with expenses exceeding revenue.
- Debt-to-asset ratio: 130.7%.
Frequently Asked Questions about Bitcoin Legal Defense Fund
Is Bitcoin Legal Defense Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Bitcoin Legal Defense Fund (EIN: 873631882) insufficient data. 0 red flags identified, 0 strengths noted.
How does Bitcoin Legal Defense Fund spend its money?
Detailed spending breakdown data is not yet available for Bitcoin Legal Defense Fund. Check back for updated IRS 990 analysis.
Are donations to Bitcoin Legal Defense Fund tax-deductible?
Bitcoin Legal Defense Fund is registered as a tax-exempt nonprofit (EIN: 873631882). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Bitcoin Legal Defense Fund located?
Bitcoin Legal Defense Fund is headquartered in New York, New York and files with the IRS under EIN 873631882. It is classified under NTEE code I99.
How many years of IRS 990 filings does Bitcoin Legal Defense Fund have?
Bitcoin Legal Defense Fund has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $2.7M in total revenue.
Filing History
IRS 990 filing history for Bitcoin Legal Defense Fund showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Bitcoin Legal Defense Fund's revenue has grown by 1011.6%, moving from $300K to $3.3M. Total assets increased by 777.4% over the same period, from $223K to $2.0M. Total functional expenses rose by 2061.2%, from $187K to $4.0M. In its most recent filing year (2023), Bitcoin Legal Defense Fund reported a deficit of $712K, with expenses exceeding revenue. The organization holds $2.6M in liabilities against $2.0M in assets (debt-to-asset ratio: 130.7%), resulting in net assets of $-599,565.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.3M | $4.0M | $2.0M | $2.6M | — | — |
| 2022 | $300K | $187K | $223K | $110K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bitcoin Legal Defense Fund:
Data Sources and Methodology
This transparency report for Bitcoin Legal Defense Fund is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.