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Their own charts in your link show that web hosting expenses have flatlined over the last decade. Digging into the PDFs in the sources, you can see this was only $2,335,918 in 2019. They even spent more on travel and conferences that year. As contributions continue to grow, the spending category that is growing far faster than any other is salaries and wages. Their CEO made $789k in 2021, all while content is created by volunteers. I like Wikipedia and the content they host; however, I think any increase in contributions is just going to line the pockets of the executives.
Edit, just to be clear: I'm not defending the wildly inflated numbers quoted above; however, I believe they are right in concept. The executives are the ones bleeding the foundation dry. The chart I previously mentioned is below. Internet hosting and many of the other smaller expense categories have been relatively flat year-over-year, but salaries and wages are increasing at an unsustainable runaway pace.
Kiss my ass. The form 990s show all salaries for developers, administrative staff, executives, and all. You picked the one year when the CEO made $789k, instead of $200-400k, and then claimed that the CEO making four times the engineer salaries is "bleeding the foundation dry" and eating up the whole $186M they brought in that year, or something. The CEO makes about double what the developers make, in most years, and the developers have competitive salaries. Good. That's how it should be.
This is how modern social media propaganda works. One person says wikipedia is kowtowing to fascist governments and doxxing its members. That turns out to be bullshit, but during the discussion someone else says that $300 million "excess" went missing and no one knows where it went, implying that someone is skimming off money and we shouldn't be donating because the whole thing is corrupt. That turns out to be bullshit, but during the discussion someone else says that wikipedia is slanting all its coverage to a pro-Western, pro-Israel slant and covering up the truth through a narrative enforcing task force. That turns out to be bullshit, but during the discussion, someone else combs through their financials and finds out that the CEO is making some money, and uses phrases like "bleeding the foundation dry" or "all while content is created by volunteers."
Get the fuck out. Stop coming up with new bullshit to use to attack wikipedia. I don't care if the CEO made $700k. I hope it doubles, and I hope they use my $10/month to make it happen. Wikipedia is doing great stuff, and the vigor with which this variety of transient Lemmy villains is popping out to use this various array of bad-faith bullshit to attack them only demonstrates to me that they're doing something right.
Yikes, wow! Totally not an unhinged response. You seem hyper-focused on whatever what said today and assume everything is related to it. I haven't even read Musk's statements because his opinions don't mean anything to me. In reality, concerns with Wikipedia's financials are nothing new. One of the OG posts highlighting concerns circulated in 2016 (https://en.m.wikipedia.org/wiki/User:Guy_Macon/Wikipedia_has_Cancer) and has continuously been updated with each new year's disclosures. I believe I first saw it when the author did a Q&A on r/IAmA, 8 years ago (link). In sum, nothing has been done to change course and spending has only increased. In reality, the Wikipedia Foundation and Endowment have over $400-million in assets and core functionality should be able to continue indefinitely. I want to see Wikipedia succeed, and I think it could easily be set for lifetimes if managed appropriately. Looking at core responsibilities (internet hosting), there is no reason why Wikipedia can't thrive on their investment income. I can only assume those encouraging Wikipedia's current path hope for someone with a bigger checkbook to come by and bail them out (with strings attached, of course).
Lol