The audit of the WMF's most recent complete fiscal year is now released
by KPMG and the Foundation.
Of course, there is the requisite "Q & A"
to stifle any sort of critique, by phrasing the "answers" in incoherent sentences of poor construction:
How do the financial statements for 2009-10 compare with the statements for 2008-09? What's the overall takeaway message?
In general, both revenue and spending increased compared with 2008-09. Contributions and revenue increased and we increased spending in three ways-one-time spending for the Strategic Plan, the Bookshelf project and the Communications Campaign (approx. $1.5MM), spending related to donor-restricted funding such as improving user-friendliness (Stanton Foundation) and Wikimania scholarships (OSI and Lounsbery Foundations), (approx. $600K) and finally spending related to our core operations which included additional Tech and other Programmatic hires, increased rent and and operating costs related to increased hiring, higher hosting costs and spending on grants awarded to chapters and individuals.