Dining For Charities
Early Stage
Community-Based Ecosystem Where People Save Money & Local Businesses and Nonprofits Prosper
Overview
Raised: $61,950
Total Commitments ($USD)
Platform
Wefunder
Start Date
10/11/2023
Close Date
02/02/2024
Min. Goal
$50,006
Max. Goal
$1,229,120
Min. Investment
$100
Security Type
Equity - Preferred
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$6.68
Pre-Money Valuation
$6,688,888
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/02/2023
Days Remaining
62
% of Min. Goal
124%
% of Max. Goal
5%
Likelihood of Max
Avg. Daily Raise
$1,191
# of Investors
27
Momentum
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Year Founded
2019
Industry
Business Services, Software, & Applications
Tech Sector
MarketplaceTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Dining For Charities, with a valuation of $6.68 million, is raising funds on Wefunder. The company has developed a community-based ecosystem that supports small businesses and gives back to the community. Dining For Charities platform enables users to buy vouchers for local restaurants and businesses, dine out or shop, and 15% of the proceeds are donated to local charities. The platform has a cumulative revenue of $1.1 million and is currently onboarding Atlanta, Las Vegas, Mobile, Birmingham, and eight more markets by the year-end. Bill Evans founded Dining For Charities in October 2019. The current crowdfunding campaign has a minimum target of $50,006 and a maximum target of $1.2 million. The campaign proceeds will be used for marketing, software development, hiring, and operating expenses.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$231,037 |
$249,111 |
|
COGS |
$17,902 |
$38,615 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-12,561 |
$-45,619 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$2,337 |
$0 |
|
Long-Term Debt |
$151,738 |
$113,500 |
|
Total Liabilities |
$154,075 |
$113,500 |
Financials as of: 10/11/2023
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