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The Foundation's net assets grew from an initial $57,000 at the end of its first fiscal year, ending June 30, 2004, to $53.5 million in mid-2014 and $231 million (plus a $100 million endowment) by the end of June 2021; that year, the Foundation also announced plans to launch Wikimedia Enterprise, to let large organizations pay by volume for ...
That value was apparent throughout the Wikimedia Foundation’s 2022-2023 fiscal year, when a global community of people — editors, writers, technical volunteers, and staff — made sure the Wikimedia projects thrived. They added new knowledge to the websites.
Nov 9, 2023 · Strong financial position: As of June 30, 2023, the Foundation’s net assets (meaning its assets, less liabilities) were $255M, This is the number that the Foundation holds in our reserves. This amount represents 17 months of operating expenses, in-line with our target .
Apr 28, 2024 · The Foundation’s total revenue increased by $25.5 million, to $180.2 million during fiscal year 2022-2023. The vast majority of this revenue came from donations, with a small portion coming from investment income and other revenue primarily related to Wikimedia Enterprise.
- Wikimedia Endowment
- Wikimedia Enterprise
- Budget Numbers
- Budget Allocations
- Grants and Movement Support
- Budget Breakdown
A permanent safekeeping fund to generate income to support the operations and activities of the Wikimedia projects in perpetuity. The Wikimedia Endowment is a fund separate from the Wikimedia Foundation. As a financial endowment, its principal (or "corpus") value is intended to be kept forever intact, while a portion of the fund may be spent each y...
A way to adapt to how Wikimedia content is accessed.The decrease in monthly unique visitors over the past few years (-7% between Jan-Dec 2019 and Jan-Dec 2021) is a challenge to our historic model for readership, contribution, and revenue. The Foundation's metrics team believes that third-party content reuse (services that use embedded Wikimedia da...
Growth of the Wikimedia Foundation's budget will be flattening compared to prior years, increasing by +5% to $177 million. This includes growth in grant and Movement funding while also preserving investment in areas like our data centers, which are required to keep Wikimedia projects available. As described above, we have had to make cost reduction...
In 2023−2024, the proportion of the Foundation's budget funding direct work on the mission, also called "Programmatic Expenses," will grow to 78% of the budget, which has averaged 73%-76% recently, reflecting the increase in allocation to grants and funding to Movement partners, among other areas. Building knowledge as a service reflects the larges...
Aligned with Movement Strategy, we continue to grow the Foundation's direct support to the Movement. This year, we will increase overall Movement support by 15%, including funding for Wikidata, in line with the existing plan for that project, and grants by 7% compared to this year. The Community Fund grant program, which includes the regional budge...
Unsurprisingly, the largest category of the Foundation's budget is personnel, representing roughly 60% of expenses across permanent staff and temporary contractors. The increasing costs in our budget reflect cost of living and similar expenses related to salaries, benefits, and other personnel costs. This is followed by Grants and Movement Support,...
Dec 14, 2023 · Dec 14, 2023. In the fiscal year 2023 (July 2022 to June 2023), the Wikimedia Foundation generated 180.17 million U.S. dollars in support and revenue. The majority of this support was through...
Sep 22, 2021 · 22 September 2021, San Francisco, CA, USA — The Wikimedia Foundation, the nonprofit that operates Wikipedia and other Wikimedia projects, today announced that the Wikimedia Endowment has reached its initial $100 million fundraising goal ahead of schedule.
