We started 2023 with US$18,321.37 in the bank, and our end-of-year balance was $18,735.06
INCOME
Our income amounted to roughly US$1920. Most of that was through one-time donations via Paypal, but there were a few donors who set up recurring contributions, amounting to several hundred dollars.
SPENDING
Our gross expenses in 2023 amounted to US$1505.23
Internet hosting continued to be our greatest expense, directly accounting for 42% of expeditures, for the year. Indirect cost of our hosting arrangement were another 1% incurred in bank and foreign transaction fees. Domain registration, security certificates , DNS backup, accounted for 7% . Thus, running the website accounted for 50% of our expenditures.
The next largest expense areas were the Post Office box rental (15.28% of spending) and corporate filings and compliance paperwork (28% of spending).
SPENDING BY CATEGORY
