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0goel0 | 3 years ago

> stopped donating to Wikipedia after the size of their cash reserves were revealed.

After I read your comment, I thought they had 10x annual expenses or something but really they have 18 months of runway. That's not that long IMO.

https://www.washingtonpost.com/news/the-intersect/wp/2015/12...

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belorn|3 years ago

18 months runway is included all expenses including wages, awards (that Mozilla gives out, for example to political initiatives), travel, social events and so on.

If we only looked at costs related to hosting the website they have almost 100 years. They got total assets of 191 millions, and the website hosting costs are 2.4 millions each year. 55 millions each year goes to wages (up from 46 millions previous year).

https://wikimediafoundation.org/about/annualreport/2020-annu...

tomnipotent|3 years ago

That's the cost of hosting, not the cost of operations. A business the size of Wikipedia doesn't run itself, and being a nonprofit doesn't magically make operations disappear.

Dylan16807|3 years ago

Personally, I care about the ratio of cash reserves to what it costs to run wikipedia and directly related sites, and that's well over 10x.

throwntoday|3 years 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|3 years 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And that are outdated numbers from 2015.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/Wikim...