zlacker

>>akolbe+(OP)
This is an extremely misleading take.

Wikipedia had a really good year in 20-21, their most recent financial report.

They took in $162 million, against an $111 million operating budget, and came out of the year with $240 million in assets.[1]

So they had about half a year's surplus, and wound up with ~2 years worth of savings. And yes, that's a simplification, a good chunk of those assets are necessary to continue operating and cannot be liquefied to cover operating expenses.

In 19-20, they took in $120 million against a $111 million operating budget.[2]

[1] https://upload.wikimedia.org/wikipedia/foundation/1/1e/Wikim...

[2]https://wikimediafoundation.org/about/annualreport/2020-annu...

So, yes, Wikipedia is doing well - as we should hope they would be. But no, they are not rolling in it, and yes they do depend on our continued support to continue doing well.

Edit: The article linked in the tweet asks valid questions and puts the stats in better context, but the twitter thread presents the numbers in a way that is very, frustratingly, misleading.

>>dbingh+Ge
They have an "$111 million operating budget", but that's because they've decided to spend money on lots of things other than "serve Wikipedia": https://wikimediafoundation.org/support/where-your-money-goe...

Note that "Direct support to websites" includes things like designing and implementing more intuitive article editing UI, which while potentially worth it isn't the kind of "obviously we must do this" that keeping the site serving is.

For example, in 2016 Wikipedia served a similar amount of page views as it does today [1] on an operating budget of about half [2]. Go farther back and my impression is it's much more dramatic, though I'm not finding good page view statistics for, say, 2010.

[1] https://stats.wikimedia.org/#/all-projects/reading/total-pag...

[2] https://foundation.wikimedia.org/wiki/File:Wikimedia_Foundat... vs https://foundation.wikimedia.org/wiki/File:Wikimedia_Foundat...

>>jefftk+Eg
That "Where Your Money Goes" overview was particularly derided by Wikipedians in the Village Pump poll. It's so fuzzy it could mean anything.

In particular, "32% direct support to communities" was seen as complete pie in the sky. 32% of $163M revenue would be $52 million.

But once you deduct the $68M salary bill and $6M in donation processing expenses from the $112M expenses total, you only have $38M left!

So how can 32% of revenue be "direct support to communities"??

https://upload.wikimedia.org/wikipedia/foundation/1/1e/Wikim...

>>akolbe+kx
Sounds like most of the direct support to communities is the work of salaried Wikimedia employees? Which seems plausible to me!