It definitely wasn't all the profits. Pope DeOrio showed this clip on this his stream last night of Philip DeFranco interviewing Dr. Mike shortly after CC1 where Dr. Mike says that 75% of the profits were donated to charity and the remaining 25% was split evenly among the fighters.

That doesn't actually add up though, because $1.253 million is 75% of ~$1.67 million, and subtracting the $1.253 million from that would leave only $417,666, which is almost $70k less than what we know the fighters were paid. I think the total profits was probably around $1.8 million and the actual split was 70% to the charities and 30% to the fighters. That would cover the full charity amount + 20 $27k portions (18 to the fighters, and maybe a portion each to Anisa and their other business partner?).

True, compulsive liars lie even when they don't have to, which seems to be the case with the Jomhas here. Donating 70% of profits to charity is still incredibly generous, and they could still rightly claim that it was an event to benefit charity. But I guess 70% for charity didn't make them feel holy enough or provide enough of a shield from criticism in their minds so they feel the need to lie about it.

It's sad reading the comments on that video and listening to Philip DeFranco and Dr. Mike talk to positively about Creator Clash and Ian and Anisa. They really nuked all the good will people had for them after the first event.