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Anime Herald Financial Report For Fiscal Quarter 3, 2024 (Ending 12/31/2023)
🕑 Added 2024-02-21 02:46:27 +0000 UTCIntroduction
As part of our efforts to maintain full transparency within our operation, it has been decided that every quarter, the chief officer of Anime Herald, LLC must compile a quarterly report detailing our financial results.
This document outlines our organization’s finances, as well as an evaluation of our performance over Quarter 3 of our 2024 fiscal year, which ended on December 31, 2023.
Notes:
- Unless stated otherwise, all values are in US Dollars
- Fiscal year numbering has been fixed from previous report. We apologize for the inconvenience.
Current Finances
As of January 1, 2023, Anime Herald had $2,556.94 in total finances. Of this, $300 is reserved for articles commissioned for January 2024, with $150 being held for writers, and $150 for editors.
Income
For our most recent fiscal quarter, Anime Herald reported a total of $1,477.87 in total revenues. The breakdown is as follows:
- Patreon: $966.91
- Ko-fi: $503.00
- Interest Income: $7.96
- TeePublic: $0
This quarter, we saw a one-off $500 Ko-fi donation from an anonymous backer. We’re genuinely thankful for the contribution and would like to extend our sincere gratitude.
Overall, this allowed us to reach an average of $492.63 per month, which is at our break-even goal for the period.
Expenses
Our primary drivers of cost this quarter remain invoices, costs related to network infrastructure, and tooling. However, given that the third quarter is our slowest, both from an operational aspect and the fact that we take the final two weeks of the year off, our general costs remain lower.
Invoices are composed of payments to writers and our editorial team for articles, as well as Samantha’s $50 monthly salary. This quarter, Samantha waived her salary for all three months, as she was working primarily on a combination of extracurricular activities, and the Anime Herald redesign process. As such, this quarter, Anime Herald posted a total of $360.00 in invoice payments, which were paid out via the Anime Herald bank account.
Infrastructure costs this quarter, which include hosting for the Anime Herald website, as well as the “hera.fyi” subdomain, totaled $34.80 per month, or $104.40 for the quarter. As such, our costs were relatively flat this quarter, with a minor increase due to inflation. This was not paid for using the Anime Herald bank account; rather, it was paid using chief officer Samantha Ferreira’s personal funds.
In Quarter 3, Anime Herald paid a total of $261.01 for tooling, which was attributed to a combination of Google Workspaces ($165.67) and a plugin used in our everyday operations ($95.34). The Google bill this quarter was paid using the Anime Herald bank account. The plugin license was paid with Samantha Ferreira’s personal funds.
Miscellaneous Expenses
Anime Herald recorded three categories of “Miscellaneous” expenses this quarter. The first is a 52-cent surcharge on incoming PayPal payments, which totaled $1.56. The second category is a Stripe credit card processing surcharge of $20.80.
The final miscellaneous expense is related to Anime Herald’s ongoing redesign process. As was noted in our previous reports, this does not affect Anime Herald’s bottom line. This is being paid for entirely by Samantha, and our reporting on costs related to this is for transparency purposes only.
With this in mind, the second of three payments for the redesign was made in December. This came to $5,000. Four more payments of $1,000 each are scheduled fo February through May, per our agreement.
Totals
For the third quarter of Fiscal 2024, Anime Herald, LLC saw $747.77 in total operating costs. Of these, $ were paid for directly, using Anime Herald’s accounts. $199.74 was paid using Samantha’s personal funds.
Against earnings of $1,477.87, Anime Herald recorded a total profit of $730.10 for the quarter.
We are starting the next quarter on a strong footing, with placing us $158.49 ahead of expectations for the year. We’re currently at our adjusted break-even point, and should hopefully end the fiscal year near our estimated break-even point.
In keeping with this, we are keeping our current monthly break-even goal at $500, which will afford us roughly $61.24 per month (according to our annual calculations) as a buffer.
