this post was submitted on 24 Oct 2023
1077 points (85.8% liked)
Technology
59596 readers
3055 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I've heard that and decided to look myself. According to their fundraising report for fiscal year 2021/22, they received $165.2m from 13m people. Removing "major gifts," $20.8m (only 18,000 people), it comes out to a bit over $11 per person. Additionally, they got $13.5m to their trust, the Wikimedia Endowment (average donation of $13.91/person). So definitely, most of their income comes from small donations.
As to whether they need it, according to their FY 21/22 financials statement, they're sitting on $198m in assets ($51m of which is cash), with an additional $52m they can't touch because they're long-term investments. However, their expenditures made up $154m. In total, they're reporting they netted $8m last year for additional assets, but assuming that everyone stopped donating, Wikipedia would probably die in a year, even with liquidation of short-term assets.
thank ya! I appreciate the effort you made for my silly comment. Ill read those links too.
Time to make the yearly offline copy of the English Wikipedia. It's always handy to have an offline version.