Financial Report for January 2024

  2024-02-26

Introduction

In order to improve our transparency on how the donation and advertisement money is spent, we decided to start making monthly reports of our spending and income.

In January we received 1 new donation and 7 recurrent monthly donations.

We continue to display advertisement using EthicalAds in order to increase our revenue.

Advertisements

2024 Budget

The following is our budget for this year. Most of the cost is for (self-)hosting the web server and seed box.

Minimum Expenses
Domain
$19.93 / year
1 year
$19.93
Premium DNS
$13.47 / year
1 year
$13.47
Internet
$50.00 / month
12 months
$600.00
Electricity
$10.00 / month
12 months
$120.00
Sub-Total
$753.40
Hardware Improvements (Optional)
16 GB RAM
Improving Developer's Computer
$95.50
Sub-Total
$95.50
Total
$848.90

Monthly Changes

January Incomes

Recurring Donation (7 patrons)
$20.42
One-time Donation (1 donator)
$6.40
Ads Revenue
$44.00
Total
$70.82

January Expenses

Internet Connection
$50.00
Electricity
$10.00
Total
$60.00

Annual progress

Month
Expenses
Income
Profit/Loss
January
$60.00
$70.82
$10.82
Annual Progress
$-682.58

Conclusion

This is good news as we are on the way to cover the minimum costs ($753.40).

With the currently progress we could be looking at $849.84 a year.

Picture of Cajetan Bouchard

Cajetan Bouchard

I am a professional software developer, and founder of FOSS Torrents. I am a proud father and happy husband. Apart being an avid Linux and open-source lover, I love playing sports (any racquet sports), mountain bike, downhill skiing, and many more.