Wikimedia

The Wikimedia Foundation, Inc. (WMF, or simply Wikimedia) is an American foundation headquartered in San Francisco, California. It owns and operates the Wikimedia projects. It was established in 2003 by Jimmy Wales as a way to fund Wikipedia and its sibling projects through non-profit means. The Foundation has grown rapidly throughout its existence. By 2022, it employed around 700 staff and contractors, with annual revenues of $155 million, annual expenses of $146 million, net assets of $240 million and a growing endowment, which surpassed $100 million in June 2021.

Quotes

 * I hope so. :-) Although the wiki process sometimes strikes people as being inherently favoring egalitarianism or anarchy, there is a certain sense in which the wiki editing tool is neutral to social structures. As a matter of simple description, it does turn out that users who do quality work end up having a lot more power than users who do bad work. So in that sense, yes, it is a meritocracy, but an informal one.
 * Jimbo Wales in Interview with Jimbo Wales (December 10, 2005) answering the question: Do ... Wiki projects qualify as a meritocracy?