9M goes to paying donation processing fees.
3.5M goes towards network infra.
~2M of in-kind services were donated (i.e. doing free work or donating goods) and that shows up as a dedicated expense.
Professional Services (accounting, consulting, etc) make up another 15M (same as the total management/admin cost).
General operating expenses (property, taxes, office software, office equipment, etc) make up 8M.
Conference and Travel is 6M.
And then 4.5M is expensed as depreciation and amortization of owned assets.
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So to be entirely clear here. WMF projects make up 147M / over three quarters of the total expenses for the year. Fundraising makes up 20M all together (half being essentially fees and the other half is people running fundraising campaigns). And the remaining 21M / 11% is general admin.
11% is quite good for such a large foundation.
And if you want to nail down into it that 75% for projects is going towards a lot of engineering work to support long standing gripes with wikipedia's tooling and infra.
https://wikimediafoundation.org/annualreports/2024-2025-annu...
https://meta.wikimedia.org/wiki/Wikimedia_Foundation_reports...
https://meta.wikimedia.org/wiki/Wikimedia_Foundation_Annual_...