this post was submitted on 16 Nov 2024
192 points (96.2% liked)

Ask Lemmy

27210 readers
1928 users here now

A Fediverse community for open-ended, thought provoking questions


Rules: (interactive)


1) Be nice and; have funDoxxing, trolling, sealioning, racism, and toxicity are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them


2) All posts must end with a '?'This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?


3) No spamPlease do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.


4) NSFW is okay, within reasonJust remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either [email protected] or [email protected]. NSFW comments should be restricted to posts tagged [NSFW].


5) This is not a support community.
It is not a place for 'how do I?', type questions. If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email [email protected]. For other questions check our partnered communities list, or use the search function.


6) No US Politics.
Please don't post about current US Politics. If you need to do this, try [email protected] or [email protected]


Reminder: The terms of service apply here too.

Partnered Communities:

Tech Support

No Stupid Questions

You Should Know

Reddit

Jokes

Ask Ouija


Logo design credit goes to: tubbadu


founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 73 points 1 month ago* (last edited 1 month ago) (3 children)

I don't anymore.

they do not need your money, and it's disingenuous of them to imply they do.

The manipulative aspect of their annual fundraisers is very unsettling.

here are some numbers from 2022:

https://unherd.com/newsroom/the-next-time-wikipedia-asks-for-a-donation-ignore-it/

they have at least 400 million in reserves now and the estimate is $10 million a year to maintain the site and pay all their employees.

their higher executives are each paid hundreds of thousands of dollars annually.

they're not struggling to keep the lights on for the next half century.

[–] [email protected] 92 points 1 month ago (2 children)

https://upload.wikimedia.org/wikipedia/foundation/f/f6/Wikimedia_Foundation_2024_Audited_Financial_Statements.pdf

https://wikimediafoundation.org/annualreports/2022-2023-annual-report/

They have approximately $80 million in cash, and it costs them about $100 million to pay their staff. They have $274 million in total assets, counting endowment investments.

It's extremely unclear where that site came up with $400 million.

I'm not sure why you'd link to a two year old opinion piece on it, when all of their financials are publicly available and provided without commentary.

They received cash in excess of expenses of about $6 million, and including non-cash assets their total assets increased by about $16 million in 2024.

Their CEO makes about $500 thousand a year, and the rest of their executive team ranges in salary from $300 to $100 thousand.
It's not a small salary, but it's not preposterous for one of the most visited sites in the Internet that also operates as a charity to have decently compensated executives.

They are not in financial trouble, but it's not accurate to say they can keep the lights on for the next 50 years.

[–] Rookwood 35 points 1 month ago (1 children)

Those salaries are not competitive. Not that they should be because executive pay is out of control, but they are also in no way extravagant and possibly too low or at least the bare minimum to retain any kind of decent talent to run the operation.

[–] [email protected] 17 points 1 month ago

Looking at the profiles for the executives, you definitely get the feeling that they're either the sort that prioritizes "my work put good into the world and you don't need to squint to see it" over cash, so "yeah, that lets me live" is sufficient, or their seemingly going for a high score for number of "oh, nice!" organizations they can put on their CV, and the total compensation from them all is probably more than competitive.

[–] [email protected] 7 points 1 month ago

Yeah I no longer donate as well for this same reason. They are not hurting for cash