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.
Okay. We will change our name to dickipedia, give us the billion dollars.
musk hands over
dickipedia changes name to muskipedia
muskipedia changes name to wikipedia
New Wikipedia no longer needs to ask for donations.
isn’t wikipedia just lying when it asks for donations
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.
Where would you even have heard such nonsense?
thats just being an ass for no reason, ya didn’t exactly contribute much besides bitchin’
Asking for a source is “being an ass”?
How do you figure?
I mean someone else already answered, I was just asking to see if it was true and proved wrong.