Wikimedia's funding is potentially the issue though. For those who don't know, it's endowment is run by the Tides Foundation, perhaps the most politically biased organization in the US. Maybe that doesn't come though in content moderation, but if not, it's quite coincidental.
https://en.wikipedia.org/wiki/Tides_Foundation#Wikimedia_Fou...
In terms of Wikimedia, or non-profits in general, I'm not sure how ownership stakes aligning interests is translated when ownership stakes don't exist.