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founded 3 years ago

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June 2023 financial update for lemmy.ca (lemmy.ca)

submitted 1 year ago by smorks@lemmy.ca to c/main@lemmy.ca

4 comments fedilink hide all child comments

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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[–] Rentlar@lemmy.ca 1 points 1 year ago

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.

[–] the1bobcat@lemmy.ml 1 points 1 year ago

I see the .ca it this a Canadian instance? New to lemmy please be kind

[–] BCsven@lemmy.ca 0 points 1 year ago (1 children)

$30 seems too cheap. Is this SelfHosted? If so your electricity bill and ISP subscription should add much more.

[–] smorks@lemmy.ca 1 points 1 year ago

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.