Hi Community,
Please see below the Monthly Financial Report for June, 2024.
Please note, going forward financials will be reported on a quarterly basis, rather than monthly.
Highlighted Content and Notes for the Report:
- Slide 3: “Foundation Org Expenses” - Increase in expenses of 119% month over month due to marketing expenses for learn and earn campaign with Binance, please see community update here
- Slide 4: “Foundation Org Budget” - While the Foundation Org is forecasted to end the year at -35% below budget based on spend from the first half of the year, according to its mid-year forecast, the Foundation is expected to be on budget by end of year due to increased Marketing spend and the introduction of the Grants Program.
- Slide 5: “Foundation Org Actuals v Budget” - Expenses 13% over budget in June, due to Marketing; 20% growth in expenses QoQ
- Slide 6: “Drips Org Budget” - Drips forecasted to end the year at 11% over budget based on spend from first half of the year
- Slide 7: “Drips Org Actuals v Budget” - Drips expenses decrease -41% QoQ
- Slide 8: “Radicle Org Budget” - Radicle Org forecasted to end the year at -27% below budget based on spend from first half of the year
- Slide 9: “Radicle Actuals v Budget” - Radicle expenses decrease -7% QoQ
- Slide 12: A note that Drips outbound funds in June are a return to Radicle Main Treasury
