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It seems op-ed followed Wikimedia's Financial Statements [1] Expenses (2016/2015) 2016 2015 Salaries and wages
by rawland 9y ago
It seems op-ed followed Wikimedia's Financial Statements [1]
Expenses (2016/2015)
2016 2015
Salaries and wages 31,713,961 26,049,224
Awards and grants 11,354,612 4,522,689
Internet hosting 2,069,572 1,997,521
In-kind service expenses 1,065,523 235,570
Donations processing expenses 3,604,682 2,484,765
Professional service expenses 6,033,172 7,645,105
Other operating expenses 4,777,203 4,449,764
Travel and conferences 2,296,592 2,289,489
Depreciation and amortization 2,720,835 2,656,103
Special event expense, 311,313 266,552
Total expenses 65,947,465 52,596,782
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Sources:
[1]: https://upload.wikimedia.org/wikipedia/foundation/4/43/Wikimedia_Foundation_Audit_Report_-_FY15-16.pdf https://upload.wikimedia.org/wikipedia/foundation/4/43/Wikim...
- cuchoi 9y ago11 million in awards and grants seems like something that you can cut easily in bad times. Also, they are still generating more income than expenses, and the margin is big enough to adapt if there is a sudden decrease.