WIKIMEDIA FOUNDATION, INC. 
Notes to Consolidated Financial Statements 
June 30, 2024 and 2023 
 6 (Continued) 
(1) Organization and Summary of Significant Accounting Policies 
(a) Organization and Purpose 
The accompanying consolidated financial statements present the financial position, change in net 
assets and cash flows of the Wikimedia Foundation, Inc. (the Foundation) and Wikimedia, LLC. 
The Foundation is the nonprofit organization that operates Wikipedia, a free online encyclopedia. 
Based in San Francisco, California, the Foundation is a 501(c)(3) charity that is funded primarily 
through donations and contributions. 
The Foundation also operates Wikimedia, LLC, a Delaware Limited Liability Company, with the 
Foundation as its Sole Member. The Wikimedia, LLC is organized and operated exclusively for 
charitable and educational purposes within the meaning of section 501(c)(3) of the Internal Revenue 
Code and is a disregarded entity for tax purposes. 
(b) Risks and Uncertainties 
The Foundation’s operations are funded primarily by public donations from individuals as well as gifts 
from foundations and corporations. External factors such as global geopolitics, recession, and currency 
markets may impact our ability to raise funds. As of the date of this report, the Foundation has not 
experienced an adverse impact on its business operations. 
(c) Income Taxes 
The Foundation is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue 
Code and from state income tax under Chapter 220.13 of the Florida Statutes and Sections 23701d of 
Revenue and Taxation Code of the State of California. The Internal Revenue Service has determined 
that the Foundation is not a private foundation and contributions to it qualify as charitable contribution s. 
The Foundation has evaluated the financial statement impact of positions taken or expected to be 
taken in its tax returns. The Foundation is subject to income taxes on any net income that is derived 
from a trade or business, regularly carried on, and not in furtherance of the purposes for which it was 
granted exemption. Net income from any unrelated trade or business, in the opinion of management, is 
not material to the consolidated financial statements taken as a whole. 
(d) Financial Statement Presentation 
Net assets, support and revenue, expenses, gains, and losses are classified based on the existence or 
absence of donor-imposed restrictions in accordance with Accounting Standards Codification 
(ASC) Topic 958, Not-for-Profit Entities. 
Net assets without donor restrictions represent unrestricted resources available to support operations 
and also include previously temporarily restricted resources, which have become available for use by 
the Foundation in accordance with the intentions of donors. 
Net assets with donor restrictions represent contributions that are limited in use by the Foundation in 
accordance with donor-imposed stipulations. The stipulations may expire with time or may be satisfied 
and removed by the actions of the Foundation according to the terms of the contribution by the donor.