Bitcoin Legal Defense Fund

Analysis

Bitcoin Legal Defense Fund is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2023, 3 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bitcoin Legal Defense Fund reported income of $3.3m and spending of $4.0m, spending 121% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $300k to $3.3m (+1012%), an average of +1012% a year. The sharpest change came in the year to December 2023, when income rose by 1012%. Over the whole period it spent 116% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Bitcoin Legal Defense Fund sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Male Contraception Initiative ($3.3m), New Jersey State Bar Foundation ($3.3m) and Elephant Circle ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $272k (6.7% of expenses). At year end it held assets of $2.0m against liabilities of $2.6m, net assets of -$600k. It reported 1 employees.