I disagree. There is no such thing as a "lean" site that is as popular as Wikipedia (top 5-10 US depending on the day). I believe they are likely the leanest website in the Alexa top 30. The only site that I see that is leaner in the top rankings is Craigslist, currently at #38 in America, and Craigslist is a famously, fantastically, uniquely lean site (in some people's opinions, even to a fault).
Hosting costs for Wikipedia are "only" $2.3m, but imagine the legal expense they have, fighting likely millions of takedown requests, malicious lawsuits, complying with local laws and regulations in China, Russia, etc, paying a team of top software engineers to handle running a top-visited site (that by the way, has almost no downtime), a security threat model that includes nation-state actors, and the responsibility that if they fail (by being hacked, or sued, or DDOSd, or whatever), they will have let humanity's library be harmed.
I just can't understand how any casual bystander can complain about Wikipedia or their funding/organizational model. If you don't like it, just don't donate money.