3 ms·

Wikipedia is drowning in money? Their audited financials: - Cash in hand: $100m, Annual expenses: $91m - https://upload.wikimedia.org/wikipedia/foundation/3/3

• skosch 7y ago
  Yes, but look at how those $91M break down. Almost all "actual" expenses (including hosting) went down from last year, but the salaries continued to grow by several million, as they do every single year. I love Wikipedia, but I've stopped donating for that reason.
  • fhoffa 7y ago
    How much should an organization spend in salaries? Snapchat spends 1,649m in operating expenses. Wikimedia 46m in salaries. Now, are these dollars invested paying off for our society? That's for all of us to decide. - https://www.nasdaq.com/market-activity/stocks/snap/financials https://www.nasdaq.com/market-activity/stocks/snap/financial..., https://upload.wikimedia.org/wikipedia/foundation/3/31/Wikimedia_Foundation_Audit_Report_-_FY18-19.pdf https://upload.wikimedia.org/wikipedia/foundation/3/31/Wikim...
    • Heliosmaster 7y ago
      The problem with Wikimedia salaries is that they often are allocated to some projects / roles that don't have much to do with the principal activity (Wikipedia). Although I recognize that it is important to fund / subsidize stuff that won't otherwise be included, I wish their final goal was more concentrated on the wellbeing of Wikipedia, rather than other minor projects.
• deleted 7y ago
  [deleted]
• busymom0 7y ago
  https://news.ycombinator.com/item?id=22135938 https://news.ycombinator.com/item?id=22135938