Wikipedia 15/Site/Financials

Financial Position

Transparency is a core principle of the Wikimedia Foundation, and we are proud to be recognized as one of the most transparent non-profit organizations in the world. Our annual plan and operating budget are developed through open processes, subject to community feedback and Board approval, and always available to the public for full review.

As with last year, we have broken down our efforts into three key areas: how donor contributions support the Wikimedia websites, the Wikimedia community, and the free knowledge ecosystem. These are supported by our administrative, governance, and fundraising efforts.

Direct support to websites

Keeping the Wikimedia websites online is about more than just servers and electricity. It also includes ongoing engineering improvements, product development, design and research, and legal support.

Direct support to communities

The Wikimedia projects exist thanks to the communities that create and maintain them. We strengthen these communities through grants, projects, and tools to build capacity of contributors, and support the legal defense of editors.

Fundraising

Donors support the Wikimedia mission. The fundraising team engages these remarkable individuals to ensure the Wikimedia Foundation and communities have the resources they need.

Administration & governance

Our core values include transparency and accountability. We manage funds and resources responsibly, and recruit and support skilled, passionate people to advance our mission.

Support of free knowledge

Wikimedia is a part of a larger free knowledge movement. An estimated 3.7% of our operating expenditure supports policy, advocacy, education, and partnerships to strengthen and share our mission.

Assets

Current assets

Cash and cash equivalents	35,195,478
Current portion of contributions receivable	1,222,140
Short-term investments	29,008,310
Prepaid expenses and other current assets	1,997,599
Total current assets	67,423,527
Property, plant, and equipment, net	5,089,075
Long-term investments	9,259,798
Noncurrent portion of contributions receivable	981,585
Total assets	82,753,985

Liabilities and Net Assets

Current Liabilities

Accounts payable	1,041,901
Accrued expenses	3,649,116
Deferred revenue	7,276
Other liabilities	235,394
Total current liabilities	4,933,687
Total liabilities	4,933,687

Net Assets

Unrestricted	71,764,845
Temporarily restricted	6,055,453
Investments	23,261
Total net assets	77,820,298
Total liabilities and net assets	82,753,985

Unrestricted Net Assets

Support and Revenue

Donations and contributions	72,236,884
In-kind service revenue	235,570
Other income, net	270,296
Investment income, net	445,341
Release of restrictions on temporarily restricted net assets	2,609,132
Total support and revenue	75,797,223

Expenses

Salaries and wages	26,049,224
Awards and grants	4,522,689
Internet hosting	1,997,521
In-kind service expenses	235,570
Donations processing expenses	2,484,765
Professional service expenses	7,645,105
Other operating expenses	4,449,764
Travel and conferences	2,289,489
Depreciation and amortization	2,656,103
Special event expense, net	266,552
Total expenses	52,596,782
Increase in unrestricted net assets	23,200,441

Temporarily Restricted Net Assets

Contributions	5,014,816
Release of restrictions on temporarily restricted net assets	(2,609,132)
Increase in temporarily restricted net assets	2,405,684
Increase in net assets from operations	25,606,125
Foreign currency translation adjustment	(1,260,848)
Increase in net assets	24,345,277
Net assets, beginning of year	53,475,021
Net assets, end of year	77,820,298