Wikimedia Foundation instance of foundation
The Wikimedia Foundation, Inc. (WMF), is an American 501(c)(3) nonprofit organization headquartered in San Francisco, California, and registered as a charitable foundation under local laws. Best known as the hosting platform for Wikipedia, a crowdsourced online encyclopedia, it also hosts other related projects and MediaWiki, a wiki software.The Wikimedia Foundation was established in 2003 in St. Petersburg, Florida, by Jimmy Wales as a nonprofit way to fund Wikipedia, Wiktionary, and other crowdsourced wiki projects that had until then been hosted by Bomis, Wales's for-profit company. The Foundation finances itself mainly through millions of small donations from Wikipedia readers, collected through email campaigns and annual fundraising banners placed on Wikipedia and its sister projects. These are complemented by grants from philanthropic organizations and tech companies, and starting in 2022, by services income from Wikimedia Enterprise.
The Foundation has grown rapidly throughout its existence. By 2022, it employed around 700 staff and contractors, with annual revenues of US$155 million, annual expenses of US$146 million, net assets of US$240 million and a growing endowment, which surpassed US$100 million in June 2021.Finances
The Wikimedia Foundation mainly finances itself through donations from the public, collected through email campaigns and annual fundraising banners placed on Wikipedia, as well as grants from various tech companies and philanthropic organizations. Campaigns for the Wikimedia Endowment have included emails asking donors to leave Wikimedia money in their will.As a 501c3 charity, the Foundation is exempt from federal and state income tax. It is not a private foundation, and contributions to it qualify as tax-deductible charitable contributions. In 2007, 2008 and 2009, Charity Navigator gave Wikimedia an overall rating of four out of four possible stars, increased from three to four stars in 2010. As of January 2020, the rating was still four stars (overall score 98.14 out of 100), based on data from FY2018.The Foundation also increases its revenue by federal grants, sponsorship, services and brand merchandising. The Wikimedia OAI-PMH update feed service, targeted primarily at search engines and similar bulk analysis and republishing, was a source of revenue for a number of years. DBpedia was given access to this feed free of charge. An expanded version of data feeds and content services was launched in 2021 as Wikimedia Enterprise, an LLC subsidiary of the Foundation.In July 2014, the Foundation announced it would accept Bitcoin donations. In 2021, cryptocurrencies accounted for just 0.08% of all donations and on May 1, 2022, the Foundation stopped accepting cryptocurrency donations, following a Wikimedia community vote.The Foundation's net assets grew from an initial US$57,000 at the end of its first fiscal year, ending June 30, 2004, to US$53.5 million in mid-2014 and US$231 million (plus a US$100 million endowment) by the end of June 2021; that year, the Foundation also announced plans to launch Wikimedia Enterprise, to let large people pay by volume for high-volume access to otherwise rate-limited APIs.In 2020, the Foundation donated US$4.5 million to Tides Advocacy to create a "Knowledge Equity Fund", to provide grants to organizations whose work would not otherwise be covered by Wikimedia grants but addresses racial inequities in accessing and contributing to free knowledge resources.
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