This is a little late, but I figure that it’s better late than never!
For full transparency, I’m just going to give a high level overview of the financial situation of lemmy.ca through June 2023, when I started to accept donations.
Total Expenses: $30.00
This includes all hosting fees, including backups, etc.
Total Contributions: $1,503.03
- $1,184.84 through LiberaPay
- $318.19 through OpenCollective
All contribution amounts are not including payment processor and/or OpenCollective fees.
Remaining Balance: $1,473.03
I plan on transferring the remaining balance to the new admin team, whenever they are ready to accept it.
Thank you to all that have contributed so far, I couldn’t have gotten the instance to where it is now without your generosity. I’m very excited to see what comes next and look forward to watching the instance grow more!
Thanks for all your work here! I hope our community keeps growing.
I see the .ca it this a Canadian instance? New to lemmy please be kind
Yeah, it’s Canadian. If you go to the homepage and click on the sidebar, you can see the description of the instance and the country where it’s hosted. That works for any instance, I think.
Hi there! Looks like you linked to a Lemmy community using a URL instead of its name, which doesn’t work well for people on different instances. Try fixing it like this: !main@lemmy.ca)
Well, when people question the long term financial stability of lemmy I’ll just direct them to this post, haha.
Thank you for everything you have done, including being transparent. This community already feels like our home!
Maybe keep some in reserve to cover for future growth?
The current funds are enough to operate it at it’s current capacity for ~11 months. Once we get to accepting donations again and figure out how to set up our accounting, I would definitely like to see a growing contingency reserve fund built up to be ready for future unexpected growth or unexpected slowdown in donations.
We will continue to be transparent in a similar format to this but split the remaining balance in a operating fund and reserve fund.
You probably want to encourage subscribing for a (low) monthly donations in order to have a continuous, predictable baseline.
