https://wikimediafoundation.org/who-we-are/financial-reports/

If you poke around there you will see a million line items that can be accurately summarized as “not Wikipedia”. The wikimedia foundation is massively bloated because they have an infinite source of funding. I don’t even think all the projects they are doing are bad or anything, it’s just that they aren’t Wikipedia.

It’s highly unethical the way they solicit for donations and heavily imply that the donations are to run Wikipedia. They aren’t. They are spending all that money on other pet projects and pinkertons to do union busting.