Is Wikipedia doing well financially?
Wikipedia co-founder Jimmy Wales said Thursday that the free online encyclopedia is in good financial shape, although increasing mobile phone use may cut into future donations. “We are doing very well financially,” Wales told AFP ahead of Vivatech, a Paris tech fair for start-up companies.
How Wikipedia is funded?
Unlike other top websites, Wikipedia is not funded through advertising, nor does it rely on selling data about users for profit. Instead, Wikipedia is supported by its readers – people who find value in Wikipedia and want to continue to support its success, with the average donation being about $15 USD.
How much money does Wikipedia have?
Wikimedia Foundation
| Abbreviation | WMF |
|---|---|
| Products | Wikipedia, MediaWiki, Wikibooks, Wikidata, Wikimedia Commons, Wikinews, Wikiquote, Wikisource, Wikispecies, Wikiversity, Wikivoyage, Wiktionary |
| Membership | Board-only |
| Revenue | US$162.9 million (2021) 129.2 million (2020) |
| Expenses | US$111.8 million (2021) 112.5 million (2020) |
How much money does the Wikimedia Foundation have?
Creating an independent nonprofit The application to move the Endowment to a separate 501(c)3 is currently before the Internal Revenue Service (IRS). The Wikimedia Endowment’s $100 million milestone is a direct result of the generosity of its donors.
How much money does it cost to run Wikipedia?
For context, it costs the site $25 million each year to run.
Does Wikipedia make a profit?
Wikipedia is the dominant website on the internet. It is a non-profit, open project that has funded twelve other projects.
Is wiki going out of business?
Since Wikipedia is a charitable website, it survives on donations from users and corporates. But is the website on the brink of bankruptcy? The answer is no. Run by non-profit Wikimedia Foundation, Wikipedia’s balancesheet looks quite healthy.
Who is the CEO of Wiki?
Jimmy Donal Wales (born August 7, 1966), also known on Wikipedia by the pseudonym Jimbo, is an American-British Internet entrepreneur, webmaster, and former financial trader. He is a co-founder of the online non-profit encyclopedia Wikipedia and the for-profit web hosting company Wikia, later renamed Fandom.
How much money does Wikipedia make in donations?
Wikipedia:Fundraising statistics
| Year | Source | Revenue |
|---|---|---|
| 2019/2020 | $ 129,234,327 | |
| 2018/2019 | $ 120,067,266 | |
| 2017/2018 | $ 104,505,783 | |
| 2016/2017 | $ 91,242,418 |
How much does CEO of Wikipedia make?
In 2019 the salary for Wikimedia Foundation’s CEO was $387,770.
How did Wikipedia get its money?
For the first time, Wikipedians are beginning to examine the cash awards – and are making some interesting discoveries. First, let’s have a look at the finances. The original intention, according to the site’s co-founder Jimmy Wales, was to fund Wikipedia through advertising revenue.
Is it legal to use images from Wikipedia?
All images used must be legal in the United States, where Wikimedia’s servers are located. Images are stored on the Wikipediawebsite or the partner Wikimedia Commonswebsite. All free content is stored on “Commons” and images that have more onerous copyright restrictionsare stored on Wikipedia, under a fair use rationale.
Is wikipedia worth $100 million?
The Wikimedia Foundation (WMF), the non-profit that owns Wikipedia and other volunteer-written websites, is about to reach its 10-year goal of creating a $100 million endowment five years earlier than it planned. Its total funds, which have risen by about $200 million over the past five years, now stand at around $300 million.
What is finance and how does it work?
“Finance” thus studies the process of channeling money from savers and investors to entities that need it. Savers and investors have money available which could earn interest or dividends if put to productive use.