topic 1% profit in Ask the Community

1% profit

haemia — Thu, 27 Jun 2024 13:39:25 GMT

Kia ora / hello Pledgers.

I'm interested to hear from organisations pledging 1% profit.

I'd love to understand:

- How do you calculate / plan for profit being delivered (e.g. do you deliver 1% of the previous years' profit / 1% average over the last few years / 1% based on projections)?

- Have you started delivering in one way, and then changed? If so - why?

Thanks for any insights or thoughts from the community 🙂

Re: 1% profit

Kali N — Wed, 06 Sep 2023 02:01:50 GMT

Hi - an sorry for the delay in replying! Happy to share our approach at Atlassian Foundation, ours has changed from when Atlassian first took the Pledge to now (with a formal Foundation structure there are different legal requirements in Australia) but with others we've seen 1% of the previous fiscal year committed to be spent in the following, but this is partially an accounting choice also.