Wikimedia Foundation/Annual Report/2015-2016/2016 financials

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Wikimedia Foundation 2016 Annual Report
2016 financial positions

Wikimedia Foundation 2016 Annual Report

Our impact

Consider the facts

• Wikipedia is updated almost 350 times a minute
• There are more than 1,650 languages spoken in India
• Only 17% of Wikipedia’s biographies are about women
• More than 1 trillion photos were taken in 2016
• Most Wikipedia articles are in languages other than English
• Half of refugees are school-age
• 2016 was the hottest year on record
• One in six people visited another country in 2016
• ‘OK’ is the most widely understood word, globally
• 239 million people used the internet for the first time in 2016
• We received 5.4 million donations last year

Providing context amid complexity

• What we stand for
• A letter from Jimmy Wales

Donors

2016 financials

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. 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.

$27,449,233 (42%)

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.

$17,489,545 (26%)

Support of Free Knowledge

Wikimedia is a part of a larger free knowledge movement. An estimated 4% of our operating expenditure supports policy, advocacy, education, and partnerships to strengthen and share our mission.

$2,924,817 (4%)

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.

$7,619,631 (12%)

Admin & 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.

$10,464,238 (16%)

Balance sheet

From July 1st, 2015 – June 30th, 2016

Assets

Current assets

	Cash and cash equivalents	46,735,297
	Current-portion of contributions receivable	500,000
	Short-term investments	31,851,807
	Prepaid expenses and other current assets	1,982,960
	Total current assets	81,070,064
	Property, plant, and equipment, net	5,012,496
	Long-term investments	11,066,552
	Noncurrent portion of contributions receivable	493,623
	Total Assets	$97,642,735

Liabilities and net assets

Current liabilities

	Accounts payable	1,246,302
	Accrued expenses	4,024,542
	Other liabilities	589,096
	Total current liabilities	5,859,940
	Total liabilities	$5,859,940

Net assets

	Unrestricted	87,680,104
	Temporarily Restricted	4,102,691
	Total net assets	91,782,795
	Total liabilities and net assets	$97,642,735

Statement of activities

From July 1st, 2015 – June 30th, 2016

Unrestricted net assets

Support and revenue

	Donations and contributions	77,748,287
	In-kind service revenue	1,065,523
	Foreign currency losses	(110,751)
	Other income, net	70,356
	Investment income, net	813,377
	Release of restrictions on temporarily restricted assets	2,275,932
	Total support and revenue	$81,862,724

Expenses

	Salaries and wages	31,713,961
	Awards and grants	11,354,612
	Internet hosting	2,069,572
	In-kind service expenses	1,065,523
	Donations processing expenses	3,604,682
	Professional service expenses	6,033,172
	Other operating expenses	4,777,203
	Travel and conferences	2,296,592
	Depreciation and amortization	2,720,835
	Special event expense, net	311,313
	Total Expenses	65,947,465
	Increase in unrestricted net assets	$15,915,259

Temporarily restrict net assets

	Contributions	323,170
	Release of restrictions on temporarily restricted net assets	(2,275,932)
	Increase in temporarily restricted net assets	(1,952,762)
	Increase in net assets	13,962,497
	Net assets at beginning of year	77,820,298
	Net assets at end of year	$91,782,795

See also

For more information, please see the Fundraising Report →