Does Wikipedia make a profit?

Does Wikipedia make a profit?

The Wikimedia Foundation is a non-profit that hosts Wikipedia and other free knowledge projects brought on by the Wikimedia family. The Foundation was established as a nonprofit in 2003.

Why is Wikipedia not for profit?

The site is a non-profit and its mission, as per its founders, is to ensure that everyone can share and access free information. With the website’s recent call for donations, Wikipedia users are quickly realizing the cost of keeping the knowledge free.

Is Wikipedia going to close?

The answer is no. Run by non-profit Wikimedia Foundation, Wikipedia’s balancesheet looks quite healthy. In fact, its donations have increased many folds in the last seventeen years.

Does Wikipedia pay its editors?

Paid editing is editing Wikipedia in return for payment. Although there may be some forms of compensation which are generally acceptable, such as the Wikipedia reward board, there are other forms which are considered unacceptable. Exceptions such as The Google Medicine project should be seen as community sanctioned.

Can Wikipedia really be trusted?

So is Wikipedia a credible source? Many of the entries are well-documented, checked for quality and — as opposed to reference books — often completely up-to-date, but, 20 years after its creation, the online encyclopedia is not 100% reliable, because information can be manipulated, and sometimes almost undetectably.

Is the creator of Wikipedia rich?

Wikipedia founder Jimmy Wales is only worth $1 million.