Hello Everyone! Reigh here! Remember me? I used to report updates, but now that KS is open, I've been given the important job of reporting to you all our finances!
Although, KS has only been opened a week today, the outpouring of support has been beyond our expectations! We proud ourselves in being responsible with the funds we receive and would like to share you all the break down of income and expenses for the month of June.
Please remember that this report is only for June, in which we were opened for 4 days.
Gross Income Received:
Paypal Fees: $39.97
Donations to ACS: $72.50
Federal Tax: $108.76
State Tax: $29.00
County Tax: $21.75
Hosting Payments: $169.10
Programming Payments: $390.00
Art Payments: $589.00
You might be wondering that the deductions would result in a negative balance, so what would happen then? Well, that's when Angel pulls from her own personal savings to cover the costs and expenses.
All of us at KS want to thank you for every purchase you've made. Times are tough, and we know that every amount purchased means you really care about our world and supporting it!
Posted by: Angel