Wikimedia profit, assets, and executive wages explode in 2023

Lunduke

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(And yet Wikipedia claims to desperately need your donations.)

November 29, 2023

The Wikimedia Foundation (the organization which runs and controls Wikipedia) has just published their annual financial report for the current year -- and they made a mountain of money.

Revenue is up. Total assets are up. Everything, with Wikimedia, is up. Way, way up.

Including salaries for their executives. In an extreme way.

At this point, they are Scrooge McDuck swimming through the money in their vault.

Yet, if you go to Wikipedia.org right now, you will be told -- with a great deal of urgency and alarm -- that "it will soon be too late to help us" and that they desperately need you to "please give".

This is one of the least dire-sounding plea for donations in quite some time.

Let's take a quick tour of Wikimedia's current financials to see exactly how rich they are... and how they truly are using those donations. (And exactly how rich their executives are growing.)

See also: "The Wiki Piggy Bank -- Wikimedia grows rich as Wikipedia donations are used for political causes"

The Money Vault

So, how much money does Wikimedia have, on hand, as of the current filings in 2023? A lot. A whole heck of a lot. Over a quarter of a Billion dollars.

And that's just at first glance.

The deeper you dig, the more money you find.

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Woah! Lunduke Journal has almost hit our funding goals for end of NEXT month!

This is pretty cool: The Lunduke Journal has not only hit our December fundraising goal… but we are currently sitting at around 65% of the way towards our fundraising goal for the end of next month (January). Awesome.

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