The leaders of Black Lives Matter could be held personally liable if they fail to disclose financial records about the charity's $60 million in donations within the next 60 days. 

In a letter issued to BLM on Monday, the California Department of Justice accused the charity of failing to submit its annual financial reports and alleged it was in delinquent status.

'An organization that is delinquent, suspended or revoked is not in good standing and is prohibited from engaging in conduct for which registration is required, including soliciting or disbursing charitable funds,' the letter reads.

The DOJ requested a copy of BLM's annual registration renewal fee report and its 2020 IRS tax forms within two months time. 

If the organization fails to submit these documents, its charity exemption status will be revoked. It could also face fines for 'each month or partial month for which the report(s) are delinquent.'

The letter, which was obtained by the Washington Examiner, threatened that 'directors, trustees, officers and return preparers' would be 'personally liable' for 'all penalties, interest and other costs incurred to restore exempt status'. The DOJ notes that 'charitable assets cannot be used to pay these avoidable costs'.

The notice comes just days after it was revealed that BLM has not had anyone in charge of its finances since co-founder Patrisse Cullors resigned last May.

It is not clear who is currently in charge of the activist group after all three of its founding members - Cullors, Alicia Garza and Opal Tometi  - left the organization.

Cullors, 38, stepped down as executive director of the Black Lives Matter Global Network (BLMGN) last year amid scrutiny of her $3.2 million property empire.

The scrutiny into BLMGN's also finances comes after it was reported that the group transferred $6.3 million to Cullors spouse, Janaya Khan, and other Canadian activists to purchase a mansion in Toronto in 2001.