iaace
patreon
Accounting
🕑 Added 2021-02-04 21:19:33 +0000 UTCHello everyone! This is a transparency post to help visitors understand and audit how Patreon income is used.
Bank Account
All income from donations and Patreon subscriptions is routed to a bank account separate from my personal finances. In the transaction history below, Paypal transfers/debits are used to pay for infrastructure costs. Paypal credits are one-time donations.
You may notice that there's a (relatively) large balance. Back when we debuted in March 2020, our costs were approximately double of what they are now. But I've had the time to optimize infrastructure and spending. This balance will be used for:
- one-off purchases (things like commissioned art, consulting)
- room to scale with unforecasted demand
- "dry" months on Patreon. We do see cancellations and pledge downsizing after our peak seasons are over. This is okay. In my previous post, I should've been clearer in stating that my main issues were with a very small number of people cancelling their pledges after using Patron benefits. If you were one of the newer Patrons joining after our new "pay upfront" policy and you prefer not to be charged twice for January, let me know, I'll make it right. All others can cancel or edit pledges freely, I don't mind that at all.
January was a big month for us, and I am thankful to you all for how successful our campaign was.
Infrastructure Costs
Server costs below:
Storage costs below:
Other Costs
- Domain name registration (about $2 / month)
- Foreign exchange rates (USD/EUR, we do operate some infrastructure in Europe)
- Twilio SMS API (about $0.25 / month)
- Patreon fees (payment processing fees, platform fees, taxes) deduct about 25% of all Patreon revenue
And that is how the funding goals are determined. Proof of these transactions can be produced upon request (by Patrons only), otherwise they will not be posted often because they are boring.
