WIKIMEDIA FOUNDATION, INC.
Consolidated Statements of Activities
Years ended June 30, 2024 and 2023
2024 2023
Net assets without donor restrictions:
Support and revenue:
Contributions of cash and other financial assets $ 168,212,977  164,121,185  
Contributions of nonfinancial assets and services 263,476  1,040,453  
Foreign currency losses (300,907) (94,868) 
Other income, net 5,629,773  3,824,240  
Investment income, net 5,096,842  3,002,929  
Release of net assets with donor restrictions 6,481,350  4,732,654  
Total support and revenue 185,383,511  176,626,593  
Operating expenses:
Salaries and benefits 106,793,960  101,305,706  
Awards and grants 26,820,080  24,433,682  
Internet hosting 3,116,445  3,120,819  
In-kind service expenses 263,476  1,040,453  
Donation processing expenses 7,547,718  6,855,680  
Professional service expenses 13,090,040  15,464,635  
Other operating expenses 10,798,140  7,393,982  
Travel and conferences 5,824,979  4,878,359  
Depreciation and amortization 4,216,271  4,602,064  
Total operating expenses 178,471,109  169,095,380  
Change in net assets without donor restrictions
from operating activities 6,912,402  7,531,213  
Nonoperating activities:
Unrealized gains on investments, net 9,858,001  3,547,510  
Change in net assets without donor restrictions 16,770,403  11,078,723  
Net assets with donor restrictions:
Contributions with donor restrictions 6,295,000  9,273,736  
Net assets released from restrictions (6,481,350) (4,732,654) 
Increase (decrease) in net assets with donor 
restrictions (186,350) 4,541,082  
Increase in net assets 16,584,053  15,619,805  
Net assets at beginning of year 254,971,337  239,351,532  
Net assets at end of year $ 271,555,390  254,971,337  
See accompanying notes to consolidated financial statements.
4