Fractured Atlas differentiates between Earned and Contributed revenue across our programs. Specifically, Fractured Atlas's Fiscal Sponsorship program can only process contributed revenue, whereas Artful.ly ticket sales are considered earned revenue.
So what's the difference?
Contributed revenue refers to gifts made freely without receiving any goods or services in exchange. Donations, grants, and noncash donations are examples of contributed revenue.
Earned revenue are funds where the person providing money will receive a good or service of equal or greater value in exchange. This includes (but is not limited to) ticket sales, advertising, class/camp/workshop fees, artwork sales, and merchandise fees. It is your responsibility to manage any income from ticket sales, fees for service, or other transactions independently of your fiscal sponsorship.
But I collect donations through Artful.ly...
If you have an active fiscally-sponsored project, any donations you receive through Artful.ly are processed as contributed revenue through the fiscal sponsorship program, and go directly to your project's sponsored fund.
So, then where does my ticketing revenue go?
Income from ticketing is earned revenue, which does not fall under the fiscal sponsorship program, and goes directly to your bank account via Electronic Funds Transfer.
And what happens when I offer my donors perks through Giving Levels or crowdfunding Rewards?
As long as the market value of the perk is less than the total amount of the donation, then these are considered partially tax-deductible donations, and Fractured Atlas can process partially tax-deductible donations. You can read more about partially tax-deductible donations and how to calculate them here.