Wikimedia Endowment

Tax-deductible

San Francisco, CA501(c)(3)Since 2021Foundations & GrantmakersEIN 87-3024488Revenue $33.3M in FY2024

On file with the IRSwikimediaendowment.org1 Sansome St Ste 1895, 94104-4432 · San Francisco, CATax-exempt since Jun 2022Publicly supported charity — 170(b)(1)(A)(vi)

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The mission of the Wikimedia Endowment is to act as a permanent fund that can support in perpetuity the operations and activities of current and future Wikimedia projects, which are projects that are approved by and advance the purposes of the Wikimedia Foundation or its successor if the Wikimedia Foundation ceases to exist. It aims to create a solid financial foundation for the future of Wikimedia projects.

501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
Run by 11 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $77.4M a year · 94% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
42 mo
of spending, in cash
Looks good: 42.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
24
named funders · $1.9M
Looks good: 24 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$702K
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$33.3M
-75% vs prior year
Spent
$5.6M
To programs
66%
Net assets
$169.4M
By yearFY2023–FY2024
Revenue
$33.3M
FY2024▼ -75%
Tap a bar for its year
Revenue by fiscal year
FY2023$132.0M
FY2024$33.3M
Expenses
$5.6M
FY2024▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2023$5.0M
FY2024$5.6M
Net assets
$169.4M
FY2024▲ +17%
Tap a bar for its year
Net assets by fiscal year
FY2023$144.3M
FY2024$169.4M

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $3.7M Management & general 14% · $770K Fundraising 20% · $1.1M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Wikimedia Endowment executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Ensures Wikimedia projects have permanent funding for their operations and future growth.

Questions for Wikimedia Endowment

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Provided by the organization

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1 program · $3.7M · in their own filed words · FY2024
01

The wikimedia endowment provides funding to support the operations and activities of wikimedia projects. In fiscal year 2024-2025, the funding focused on providing financial support for technical innovation in the wikimedia projects.

$3.7Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 24 funders →
Grants paid · 2 grants · $5.7M · 2023–2024
Wikimedia Foundation INCCA · FY2024$3,100,000
Wikimedia Foundation INCCA · FY2023$2,600,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$33.3M
Ln 12
Investment incomeLn 3$21.5M
Gifts and grantsLn 1h$11.9M
Money outPt IX
$5.6M
Ln 25
Programscol B$3.7M
Managementcol C$770K
Fundraisingcol D$1.1M
Owns and owesPt X
$169.4M
net assets · Ln 32
Cash and savingsLn 1–2$19.5M
Total assetsLn 16$170.1M
LiabilitiesLn 26$702K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$11.9M
Noncash giftsLn 1g$65K
Investment incomeLn 3$21.5M
Gains on assetsLn 7$17.8M
Total revenueLn 12$33.3M
Assets in detailPt X, end of year
CashLn 1$1.8M
SavingsLn 2$17.7M
Cash and savings togetherLn 1–2$19.5M
InvestmentsLn 11–13$150.0M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$243K
Total assetsLn 16$170.1M
LiabilitiesLn 26$702K
Net assetsLn 32$169.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$20.1M$19.5M
InvestmentsLn 11–13$123.4M$150.0M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$144.3M$170.1M
LiabilitiesLn 26$0$702K
Net assetsLn 32$144.3M$169.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3.1M$3.1M
Grants and assistance to foreign recipientsLn 3$297K$297K
Benefits paid to or for membersLn 4$0$0
Management feesLn 11a$1.3M$240K$442K$597K
Legal feesLn 11b$6K$0$0$6K
Accounting feesLn 11c$40K$0$40K$0
Investment management feesLn 11f$242K$0$242K$0
Other fees for servicesLn 11g$193K$28K$7K$158K
Office expensesLn 13$0$0$0
TravelLn 17$25K$3K$1K$21K
Other expenses (24a–d)Ln 24$394K$12K$38K$344K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$5.6M$3.7M$770K$1.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $33.3M$5.6M$27.8M$169.4M 990 PDF
FY2023 $132.0M$5.0M$127.0M$144.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $33,329,581 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $129,605,799$11,863,214
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $2,412,407$21,466,367
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $132,018,206$33,329,581
I-13 Grants and similar amounts paidPrior year $2,878,345$3,396,880
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,106,672$2,178,549
I-18 Total expensesPrior year $4,985,017$5,575,429
I-19 Revenue less expensesPrior year $127,033,189$27,754,152
Part VI · Governance 11 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $33,329,581 across 6 lines filed
VIII-1f All other contributions, gifts and grants$11,863,214
VIII-1g Noncash contributions (included above)$64,557
VIII-1h Total contributions, gifts and grants$11,863,214
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $3,688,806$3,688,806
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $17,777,561$17,777,561
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $21,466,367$33,329,581
Part IX · Statement of functional expenses $5,575,429 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $3,100,000$3,100,000
IX-3 Grants and assistance to foreign recipientsPrograms $296,880$296,880
IX-4 Benefits paid to or for membersPrograms $0$0
IX-11a Management feesPrograms $239,922 · Management $442,357 · Fundraising $597,256$1,279,535
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $6,062$6,062
IX-11c Accounting feesPrograms $0 · Management $39,950 · Fundraising $0$39,950
IX-11f Investment management feesPrograms $0 · Management $241,763 · Fundraising $0$241,763
IX-11g Other fees for servicesPrograms $28,174 · Management $6,750 · Fundraising $157,791$192,715
IX-13 Office expensesPrograms $0 · Fundraising $0$0
IX-17 TravelPrograms $2,684 · Management $1,397 · Fundraising $20,649$24,730
IX-24 Other expenses (24a–d)Programs $11,548 · Management $37,990 · Fundraising $344,256$393,794
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $3,679,208 · Management $770,207 · Fundraising $1,126,014$5,575,429
Part X · Balance sheet $170,110,244 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $1,316,644$1,790,242
X-2 Savings and temporary cash investmentsStart of year $18,786,045$17,707,772
X-3 Pledges and grants receivableStart of year $525,607$409,821
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $123,441,359$149,959,592
X-15 Other assetsStart of year $255,967$242,817
X-16 Total assetsStart of year $144,325,622$170,110,244
X-17 Accounts payable and accrued expensesStart of year $0$702,431
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $0$702,431
X-27 Net assets without donor restrictionsStart of year $46,573$306,259
X-28 Net assets with donor restrictionsStart of year $144,279,049$169,101,554
X-32 Total net assets or fund balancesStart of year $144,325,622$169,407,813
X-33 Total liabilities and net assetsStart of year $144,325,622$170,110,244
Part XI · Reconciliation of net assets $169,407,813 net assets at year end
XI-1 Total revenue$33,329,581
XI-2 Total expenses$5,575,429
XI-3 Revenue less expenses$27,754,152
XI-4 Net assets at start of year$144,325,622
XI-5 Net unrealized gains (losses) on investments−$2,671,961
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$169,407,813

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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