WIKIMEDIA FOUNDATION, INC. 
Notes to Consolidated Financial Statements 
June 30, 2024 and 2023 
 14 (Continued) 
(4) Property and Equipment, Net 
Property and equipment at June 30, 2024 and 2023 consist of the following: 
2024 2023
Furniture $ 72,042  737,143  
Leasehold improvements —  2,074,581  
Computer equipment 22,821,120  21,941,684  
Internal use software 2,507,701  5,198,574  
Total 25,400,863  29,951,982  
Less accumulated depreciation and amortization (13,574,727) (15,906,843) 
Property and equipment, net $ 11,826,136  14,045,139  
 
(5) Net Assets 
Net assets with donor restrictions at June 30, 2024 and 2023 are available for the following purposes: 
2024 2023
Restricted to future periods: $ 50,000  100,000  
Restricted by purpose:
Abstract Wikipedia 861,008  1,249,004  
Artificial intelligence 239,878  —  
Endowment support —  1,297,620  
Future Audiences 500,000  —  
Knowledge equity 965,910  2,228,134  
Machine learning 24,528  860,620  
Media Wiki 1,500,000  —  
Other 125,000  147,295  
Restricted to future periods and by purpose:
Artificial intelligence 1,430,000  —  
Net assets with donor restrictions $ 5,696,324  5,782,673  
 
(6) Functional Allocation of Expenses 
Costs of providing the Foundation’s activities have been summarized below on a functional basis. 
Programs comprise various initiatives that focus on (1) building the technological and operating platform 
that enables the Foundation to function sustainably as a top global internet organization, (2) strengthening, 
growing, and increasing diversity of the Wikimedia communities, and (3) accelerating impact by investing in 
key geographic areas, mobile application development, and bottom-up innovation, all of which support 
Wikipedia and other wiki-based projects. This also includes costs related to the Wikimedia Endowment for 
which the Foundation is reimbursed. The allocation between programs, general and administrative, and 
fundraising expenses is based on personnel and related costs and other operating expenses such as rent 
and office expenses using estimates of time spent or percentage of utilization by headcounts, as well as