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Based on what the parent said only 3% of that $77m is to run the site. The rest is spent on frivolous things I imagine if that's all it takes and they're still
by throwntoday 4y ago
Based on what the parent said only 3% of that $77m is to run the site. The rest is spent on frivolous things I imagine if that's all it takes and they're still soliciting donations.
- thesimon 4y ago> 3% of that $77m is to run the site And that are outdated numbers from 2015. 2021 report: $153m dollars in donations spent on $67m in salaries, $10m in grants (surprisingly low, in 2020 it was $20m), $2m in hosting and like $10-20m in other professional expenses. Net assets at the end of 2021 now at $231 mio. https://upload.wikimedia.org/wikipedia/foundation/1/1e/Wikimedia_Foundation_FY2020-2021_Audit_Report.pdf https://upload.wikimedia.org/wikipedia/foundation/1/1e/Wikim...
- yencabulator 4y agoWell that's even worse! If they now have $231M and use $2M a year on hosting, that's under 0.9%.