There are three tax possibilities when it comes to crowd-funding money. The cash could be viewed as a gift, an investment, or a business transaction. You have to decide which pertains to your situation. This is a new and evolving tax situation, to be completely covered, you can ask the IRS for guidance.
It sounds like your situation would be a gift, as long as the giver(s) do not expect a reward. Gifts received from an individual are not reported on a tax return, regardless of the amount received.
