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12 May 2015 17:30:55
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Media: Wikimedia awash in donations and spend them on travel guide

Analysis of financial statements of the Fund Wikimedia Foundation, which owns the worldwide known online encyclopedia Wikipedia, has shown that people's donations are not always spent on the needs of the service. Often, they are spent on expensive travel and entertainment guide (in particular, chapters Lila Tretiakov and its predecessor sue Gardner. About it writes the resource CNews referring to Wikipediocracy.

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Analysis of financial statements of the Fund Wikimedia Foundation, which owns the worldwide known online encyclopedia Wikipedia, has shown that people's donations are not always spent on the needs of the service. Often, they are spent on expensive travel and entertainment guide (in particular, chapters Lila Tretiakov and its predecessor sue Gardner. About it writes the resource CNews referring to Wikipediocracy.

the media also accused of Wikimedia in excessively large income that it receives through donations. These revenues are not comparable with small expenditure required on the content of Wikipedia: the online encyclopedia exists due to the work of volunteers who voluntarily write and update content without getting paid for it. Wikipediocracy assures that users put in their money and labor in the development of the service, and the fees and travel of Executive Director.

established in 2003 to support Wikipedia and other projects of the Wikimedia Foundation income at all times exceeded the costs. This allowed for 10 years to increase the price of the assets of the organization in a thousand times, and now the organization is "awash in money".

For example, in 2013-2014, the organization received donations of about $52,8 million, of which it expended $45,9 million (including $20 million for salaries, $5.7 million in awards and grants, $2 million on travel and conferences and only $2.5 million on infrastructure maintenance). The price of the asset at the same time, increased by $8.3 million and has reached $53,5 million.

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