The Litecoin team have been doing really well in the past two years. First, they launched SegWit before Bitcoin. Later they founded the Litecoin Foundation and managed to run it smoothly with no seed fund. After that, they did numerous activities to promote the adoption of Litecoin, kept the Litecoin Core software up to date, and held a very successful Litecoin submit in September of this year, which was the first Litecoin conference eight years after its launch in 2011. Now thanks to the foundation's high transparency, we can easily download its audited financial report on their website.
This is a companion discussion topic for the original entry at https://coinut.com/posts/understand-the-litecoin-foundations-financial-report/