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I simultaneously believe that Wikipedia is valuable and that it's not clear that WMF needed $185 million dollars.
As far as I can tell the situation has not significantly changed since "the last time(s)" this was discussed. Wikipedia remains a valuable resource, and WMF continues to aggressively increase both spending and fundraising revenue. Whether you think that means you should donate or not is probably the same answer as it was several years ago for most individuals based on personal preferences.
edit: typo
I think the answer has changed a bit since they got a much better CEO who’s doing a lot more communication and engagement with the community, which dictates what Wikipedia looks like
Before posting I read the recent annual reports which she advertises having a hand in as part a push for greater transparency, but was still left very unsatisfied personally (half the budget -- over $90 mil -- just hand-waved away as "infrastructure" spending? Really?). So despite being an improvement, I didn't feel that the CEO change has had much effect on the scales of "donate vs not". Perhaps for others it might, but my comment still reflects my best judgement.