The Brony Thank You Fund is recognized by the IRS as a 501(c)(3) public charity. All donations are tax deductible to the extent permitted by law.
Just like any other corporation, we need to file our taxes every year. Unlike individuals, our deadline for our 990 (the non-profit version of a 1040) is due May 15th rather than April 15th. However... we also have to file yearly reports in a number of states that we physically do fundraising in, including California. Since California needs our paperwork filed by April 15th, we usually go ahead and file early with the feds as well.
All that is a long way of saying that we just mailed off our 2016 tax return. The full version is available here, but here's the highlights for those who don't want to read a 13 page tax return.
In total, the fund has raised $189,027 since our inception, and has already crossed the $200,000 mark with the proceeds we've taken in this year! Of that, we've passed $150,667.61on to our partner charities, giving us an "efficiency" of 79%, which is to say that 79 cents on the dollar donated was passed on to the causes we support. This is pretty high for a charity like ours. For reference, the American Cancer Society only passes 59.9% of their funds on to program costs, and The Wounded Warrior Project spends 75.1 cents on the dollar on program costs. The reason we can't pass on 100% is that we have to pay to print our calendars, ship them around, register with state agencies, pay for tables at conventions, etc. No one associated with the fund draws any salary, we're all volunteers. We very occasionally help out a volunteer with some hotel costs when they travel a great distance solely to fundraise for us, but it in no way covers the huge amount of money that we spend out of our own pockets to make this thing go. In fact, in all of 2016, we only paid $200 to reimburse travel costs.
We're looking ahead to a strong 2017! We already had a great start at PoNYCon, with our first major convention auction and great calendar sales. With any luck, we'll make 2017 at least as strong as 2016, hopefully much better!
Thanks again for everyone who supported us last year and who will continue to support our work (we hope) this year.
James 'Coder Brony' Turner
President, The Brony Thank You Fund, Incorporated