Who are the top earners on Patreon?

Creators on Patreon. Annual creator earnings on Patreon. Monthly creator earnings on Patreon….

Who is number 1 on Patreon?

Patreon Top 1000

How much does the average person make on Patreon?

An average Patreon creator earns between $315-$1575 per month. Patreon has over 250,000 creators, but only around 218,000 have at least 1 subscriber. Collectively, Patreon creators earned $3.5 billion from the platform's beginning till 2022.

Can you make a living off Patreon?

Patreon is a crowdfunding platform that allows fans of content creators to demonstrate their support. Some Patreon creators have been successful enough to rake in $200,000 per year through the site.

How much does Patreon take from $1?

For all pledges $3 or less, apply 5% + 10 cents. For all pledges over $3, apply 2.9% + 30 cents. Sum all calculated payment processing fees.

Who is the biggest Patreon?

So who actually boasts the most patrons on the platform? According to rankings maintained daily by Graphtreon, American political and humor podcast "Chapo Trap House" is at the very top of the list with 30,669 patrons bringing in $137,374 per month as of September 9th.

How much money does Jenny Nicholson make from Patreon?

$70,000 every month

Jenny Nicholson, Cold Ones, and Christine McConnell aren't far behind, though, all earning in excess of $70,000 every month, while Amanda Palmer ($65,500), DankPods ($40,000), and Ilja Jusupov aka x4fab ($22,400) complete the top ten.

Is it worth becoming a Patreon?

Patreon is a good way for artists, musicians, and content creators, to earn a recurring and steady income from fans & followers and has had quite some success with some creators, but it has also received a lot of criticism for its customer service, high platform fees or cut, and low success rates for small creators.

What is better than Patreon?

Podia is the overall best Patreon alternative for most creators. You can use it to build your own paid community website and sell memberships plus other digital content with no fees (on paid plans). Sellfy is another powerful ecommerce platform that you can use to create and sell subscriptions.

Does Patreon report to IRS?

This form reports your total earnings on the platform. A copy will be sent to the IRS as well. The 1099-K will not include Patreon fees deducted from your pay. For example, if you earned $200 but only received $180 because $20 was taken as a Patreon fee, your 1099-K will report $200.

Does Patreon report earnings to IRS?

The 2022 Form 1099-K (which Creators receive in early 2023) reports gross earnings minus platform, payment, currency conversion, and processing fees. Refunds and any merch fees are disregarded on the form by law. (In other words, if you earned $10 after fees but refunded $2, the form would still report the $10.)

Do you pay taxes on Patreon?

Is the money I earned from Patreon “taxable income”? In many jurisdictions, the money you receive from your patrons is considered taxable income. If you are a legally recognized not-for-profit company (for example, a USA 501(C)(3) charity), then you might not need to pay tax on your Patreon funds.

What’s better than Patreon?

Indiegogo is one of your best options if you're looking to replace Patreon: It offers both one-time donations and subscription options for creators, and it's fairly well known. Plus, Indiegogo is free for nonprofits and lets you fund products in development (Kickstarter's MO).

How much does it cost to run a Patreon?

Creating a Patreon account is free for creators, but fees apply after creators start earning money on Patreon. Creators can expect to pay between 5-12% of the monthly income they earn on Patreon, depending on their plan type. Patreon currently has three plans available: Lite, Pro, and Premium.

How much is the company Patreon worth?

Their latest funding was raised on Nov 10, 2021 from a Secondary Market round. Patreon is funded by 37 investors. Raison and NETWORK VC are the most recent investors. Patreon has a post-money valuation in the range of $1B to $10B as of Apr 7, 2021 , according to PrivCo.

How much is a Patreon making?

How much can I earn on Patreon?

What are the cons of Patreon?

• Low payouts for most users.
• High fees on some plans.
• Bad customer service.

Do you need an LLC for Patreon?

Your Patreon income does not require you to register as an LLC but there are many reasons you should consider it. Setting up an LLC can protect your personal assets from the majority of liabilities incurred by your business.

What is not allowed on Patreon?

Any creator observed committing, or convicted of, making credible violent threats or acts, child abuse, malicious doxing, coordinating nonviolent harm (such as fraud, money laundering, and gambling), or encouraging others to do any of these activities, may be banned from using Patreon.

Should I start a LLC for Patreon?

Your Patreon income does not require you to register as an LLC but there are many reasons you should consider it. Setting up an LLC can protect your personal assets from the majority of liabilities incurred by your business.

Does Patreon report income to the IRS?

Yes. Income earned on Patreon is considered “self-employment income” by the IRS.

Is it worth it to start a Patreon?

If you can maintain a regular stream of exclusive content for Patreon, it may be worth considering. While $1 or $5 per month seems like it won't generate a lot of revenue, if you have a large audience already on social media channels, you may find the Patreon model will work for you.

Is there anything better than Patreon?

Indiegogo. Indiegogo is one of your best options if you're looking to replace Patreon: It offers both one-time donations and subscription options for creators, and it's fairly well known. Plus, Indiegogo is free for nonprofits and lets you fund products in development (Kickstarter's MO).

What platform is better than Patreon?

Podia is the overall best Patreon alternative for most creators. You can use it to build your own paid community website and sell memberships plus other digital content with no fees (on paid plans). Sellfy is another powerful ecommerce platform that you can use to create and sell subscriptions.

Do you have to pay taxes on donations with Patreon?

Does Patreon withhold any taxes from my payments? No – Patreon doesn't withhold anything (aside from our fees) from your funds earned on Patreon. We are obligated to add, collect, and remit sales tax and VAT on top of some pledge, but those funds are not calculated anywhere as 'earnings'.

Does Patreon take a cut of money?

Patreon makes money by taking a cut of all creator earnings generated through the platform. Patreon currently takes between 5% and 12% of creator earnings (plus a payment processing fee), depending on the product plan chosen by the customer.