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!
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Thanks for all your work here! I hope our community keeps growing.
Thank you for everything you have done, including being transparent. This community already feels like our home!
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)
You’re a good bot, I like you.
Welcome to Lemmy and to the Fediverse!
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.
That’s the plan!
Can I make a suggestion? I would like to contribute but I can’t afford a lot and frankly I’m a little embarrassed about how little I can afford. idk if your plans involve any sort of flair for people who contribute, but if it does, can you ensure there is a minimal amount people can contribute, that still gets their flair but doesn’t say they are cheap/poor? Thanks.
Such a refreshing, uplifting breath of fresh air. This is what made me finally sign up on this instance. o7 to you sir, may you have the same happiness you bring the community. ❤️🩹
Well, when people question the long term financial stability of lemmy I’ll just direct them to this post, haha.
Nice to still see you around. I guess the transition hasn’t fully completed yet. At the current rate of expenses, it appears we have quite a healthy reserve.
I’ve decided to stick around for now to help out with Admin/server stuff, but everything has been fully transitioned over to them now.
Thanks for all you’ve done, I hope this place just keeps growing!
I believe that if someone sets up a recurring donation on LiberaPay it encourages them to basically merge together payments to cut down on processing fees (so instead of $5 per month, maybe $20 per 4 months). Are the amounts listed adjusted to be actually monthly, or is some of it for future months that just arrived early in which case we should expect a drop-off next month?
I’d be happy to contribute with a recurring donation or subscription. Thanks for the awesome show, great job!
$30 seems too cheap. Is this SelfHosted? If so your electricity bill and ISP subscription should add much more.
tagging @CanadianCorhen@lemmy.ca too because they asked the same question essentially.
the reason it was so cheap during June was that it used to be hosted on a VPS which i believe started with 4 CPU, and I kept upgrading it eventually to 8 CPU for the last few days. it then got migrated to a new dedicated server which is closer to around $150/month i believe.
