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Wikimedia Foundation spent $88M for salaries in 2021-22 as a no profit

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Re: Wikimedia Foundation spent $88M for salaries in 2021-22 as a no profit

#4

would have never thought little banner ads begging for donations could be so lucrative.

Wikimedia Foundation has around $350M of founds while the website expenses has been estimated around ~$10M per year. It could be run for more than 25 years without any money.

The Wikimedia Foundation manager takes $400k as salary.

Re: Wikimedia Foundation spent $88M for salaries in 2021-22 as a no profit

#6
Other than having more than $350M of founds, the Wikimedia Foundation has started selling Wikipedia data to private companies (like Google) via Wikimedia Enterprise [1]. The open knowledge created by the community worldwide is now sold for profit of a few.

[1]: https://enterprise.wikimedia.com/

Re: Wikimedia Foundation spent $88M for salaries in 2021-22 as a no profit

#8
I do find the wikipedia donation nags annoying (they go away if you register), and it's wild how much money they have. But Wikipedia is also one of the best things on the internet, one of the best holdovers from the golden age of the web. I don't feel bad that the people working on it are well paid. The world would be much worse without Wikipedia.

Re: Wikimedia Foundation spent $88M for salaries in 2021-22 as a no profit

#9
post #4

would have never thought little banner ads begging for donations could be so lucrative.

Wikimedia Foundation has around $350M of founds while the website expenses has been estimated around ~$10M per year. It could be run for more than 25 years without any money. The Wikimedia Foundation manager takes $400k as salary.

That seems fair to me honestly. He's doing a very important job and earning not much more than an average FAANG dev.
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