Here is an article about the issue https://en.wikipedia.org/wiki/Wikipedia:Fundraising/issues
There was a great graph which I cannot find about how Wikimedia (Wikipedia owners) is hoarding massive amounts of money and doing unnecessary fundraisers. Their capital has bloated to infinity. Wikimedia already is a corporation.
To top it off their owners are Zionists who tried to use their influence to stop the Wikipedia page calling Gaza a genocide but failed.