2022 WordPress Community Support Financial Update
With the recent update in guidelines for WordPress events it seems like a fitting time for WordPress Community Support to provide an overview of the state of the program’s finances. If you’d like to see where things stood in March of last year, here is a link to our prior financial post. If you would like to view the 2020 financial statements for the WordPress Foundation and its subsidiary, WordPress Community Support (WPCS), you can find them here. These summaries are posted each year after the annual financial audit is completed. Current cash situation: WPCS rounded out the year with approximately $1.2M of cash on hand. Of this total, $293,000 relates to unused Global Sponsorship funds carried over from 2020. Annual estimated overhead and operating expenses, including Meetup.com fees, is ($276,000). In addition, prepaid expenses total $216,374. These expenses are funds that were expended in 2020 for WordCamp Asia, WordCamp Atlanta, and WordCamp US, and are being held for future events. Due to the fact that WPCS ended 2020 with a net loss, a tax form was filed to request a refund of $50,708 which is forthcoming. The main expense for WordPress Community Support continues to be Meetup.com fees, which…
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