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The finance section show they do a ton with very little but there maybe trouble ahead. $16,000 in revenue, approx 65,000 in expenses and a balance of 97,000
by acomjean 4y ago
The finance section show they do a ton with very little but there maybe trouble ahead. $16,000 in revenue, approx 65,000 in expenses and a balance of 97,000 in the bank.
- goodcanadian 4y agoIt is not quite so bad as that. They list $11000 in operating expenses and $9500 in depreciation, so more like $20500 in expenses for a deficit of $4000 versus that $97000 in the bank. The other was $55000 in capital expenses, but they are clearly not spending that every year (depreciation is going to be closer to their average capital expense).
- usr1106 4y agoFinancial statements are always up to interpretations. But it's nice to see that they publish theirs very prominently. Not every open source community does.
- prometheanfire 4y agoThis was an intentional large spend. Typically we have a large surplus every year and the money was just sitting around, growing. This year we decided to do something productive with some of it.