No you're not. You need at a minimum approximately $180,000 for a project with your expenses to be self-sustaining. With this burn rate, you'll end up asking for donations again in three years.
Further still, you'd need those reserves to grow at more than 2% per year, and more realistically somewhere much higher than that, just to ensure your donation reserves keep the project self-sustaining in the face of inflation.
How do we get so many smart people in tech who don't know how to manage finances?
Further still, you'd need those reserves to grow at more than 2% per year, and more realistically somewhere much higher than that, just to ensure your donation reserves keep the project self-sustaining in the face of inflation.
How do we get so many smart people in tech who don't know how to manage finances?