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Wikipedia will survive for another year, reaches $20 million fundraising target

Jimmy Wales, co-founder of Wikipedia
Jimmy Wales, co-founder of Wikipedia
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Jimmy Wales, co-founder of Wikipedia
Jimmy Wales, co-founder of Wikipedia

Wikimedia Foundation, the non-profit organisation behind Wikipedia, the world’s largest encyclopedia, has managed to reach its fundraising target of $20 million, ensuring the survival of the collaborative knowledge source through 2012.

More than one million donors in “nearly every country in the world” helped Wikimedia Foundation reach this record-breaking target. Since 2003, the amount raised through donations has risen without fail, and has increased ten-fold since 2008.

Each month, Wikimedia Foundation websites are visited by more than 470 unique users worldwide, with roughly 400 million visiting Wikipedia alone. Other Wikimedia projects include Wikimedia Commons, Wikibooks and Wiktionary.

The organisation’s total planned spending is $28.3 million during the fiscal year that began on July 1, 2011. The remaining $8.3 million is raised throughout this fiscal year in the form of institutional grants and other small donations.

Funds raised are vital for the survival of Wikipedia and its parent organisation and will be used to provide additional hosting requirements, to help develop new site functionality, expand more into mobile, support their legal team and help manage the 100,000-strong community of Wikimedia volunteers.

This month Wikipedia will celebrate its 11th anniversary.

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Darren McCarra
Darren McCarra is co-editor of The Sociable. He has a keen interest in photography, all things mobile, and writing about technology and social media. You can follow him on Twitter, Facebook and Google+.