2023 Financial Update
Tags: phalcon5, phalcon, finances, update
Published: 2024-02-16 13:14:21

---
title: 2023 Financial Update
published: true
date: 2024-02-16 00:00:00 UTC
tags: phalcon5,phalcon,finances,update
canonical_url: 
---

Time for a financial update for the project.

We have to apologize for the lack of financial update posts. The last update was in 2020 (:/). With this post we are rectifying the lack of reporting and are posting our financial update for 2023, 2022 and 2021.

We promised to be as transparent as possible with our community and contributors, so that you all know what your contributions are funding.

> You can always check the status of our finances in our [Open Collective](https://opencollective.com/phalcon) or [GitHub Sponsors](https://phalcon.io/fund) pages at any time.

## 2023 Financial Summary

### Overview

We have a good amount of funds available to us. Right now our account has 11,944.46 USD. As you can see in Open Collective we have been very frugal with the funds, and only used it for certain services or sponsoring certain activities.

### In Detail

In 2023, money was spent paying for computer upgrades for the team, services for the framework, as well as sponsoring work. The next biggest expense was, as always, processing fees and fees for OpenCollective.

All amounts are in USD.

### Income

| Source | Amount |
| --- | --- |
| OpenCollective | 2,646.71 |
| GitHub Sponsors | 3,096.75 |

### Expenses

8,772.86 USD

#### OpenCollective

| Date | Type | USD | Description |
| --- | --- | --- | --- |
| 2023-12-31 | Fees | 588.58 | Hosting Fees |
| 2023-12-31 | Fees | 148.29 | Processor Fees |

#### Compensation

| Date | Type | USD | Description |
| --- | --- | --- | --- |
| 2023-03-28 | Compensation | 1,000.00 | Jeckerson |
| 2023-06-26 | Compensation | 280.00 | Arhell |
| 2023-06-28 | Compensation | 1,000.00 | Jeckerson |
| 2023-07-04 | Compensation | 890.00 | niden (storage purchase) |
| 2023-09-02 | Compensation | 2,000.00 | Jeckerson |
| 2023-09-27 | Compensation | 225.02 | niden (motherboard upgrade) |
| 2023-10-19 | Compensation | 549.76 | niden (case, memory, cooler upgrades) |
| 2023-12-08 | Compensation | 2,000.00 | Jeckerson |

#### Operations

| Date | Type | USD | Description |
| --- | --- | --- | --- |
| 2023-09-27 | Services | 91.22 | Email Service |

## 2022 Financial Summary

### Income

| Source | Amount |
| --- | --- |
| OpenCollective | 3,107.69 |
| GitHub Sponsors | 7,811.78 |

### Expenses

8,274.99 USD

#### OpenCollective

| Date | Type | USD | Description |
| --- | --- | --- | --- |
| 2022-12-31 | Fees | 1,109.06 | Hosting Fees |
| 2022-12-31 | Fees | 251.89 | Processor Fees |

#### Compensation

| Date | Type | USD | Description |
| --- | --- | --- | --- |
| 2022-01-27 | Compensation | 2,000.00 | Jeckerson |
| 2022-03-30 | Compensation | 1,500.00 | Jeckerson |
| 2022-09-20 | Compensation | 2,000.00 | Jeckerson |
| 2022-10-26 | Compensation | 549.97 | niden (computer components) |
| 2022-11-12 | Compensation | 2,000.00 | Jeckerson |
| 2022-09-27 | Compensation | 225.02 | niden (storage purchase) |

## 2021 Financial Summary

### Income

| Source | Amount |
| --- | --- |
| OpenCollective | 3,984.83 |
| GitHub Sponsors | 4,735.87 |

### Expenses

3,835.17 USD

#### OpenCollective

| Date | Type | USD | Description |
| --- | --- | --- | --- |
| 2023-12-31 | Fees | 596.60 | Hosting Fees |
| 2023-12-31 | Fees | 306.63 | Processor Fees |

#### Compensation

| Date | Type | USD | Description |
| --- | --- | --- | --- |
| 2021-04-11 | Compensation | 163.80 | Aziz |
| 2021-08-08 | Compensation | 222.58 | Aziz |
| 2021-08-22 | Compensation | 1,000.00 | Jeckerson |
| 2021-09-18 | Compensation | 467.50 | Aziz |
| 2021-10-28 | Compensation | 1,000.00 | Jeckerson |
| 2021-11-12 | Compensation | 230.00 | Aziz |
| 2021-11-18 | Compensation | 350.00 | niden (storage purchase) |
| 2021-11-27 | Compensation | 292.00 | AlexNDRmac (storage purchase) |

#### Operations

| Date | Type | USD | Description |
| --- | --- | --- | --- |
| 2021-08-24 | Services | 109.29 | Email Service |

# Thank you

As always, a huge thank you to all of our contributors, financial or other. Your contributions help this project move forward!