Anyone who joins the association (small fee) can vote.
So, yes, it's technically a democracy, but it deserves extra nuance in my mind because it might not be what everyone immediately thinks a democracy should feel like.
That's a fairly good starting place. Might seem innocuous, but don't forget that "far right" has no agreed upon boundary. You might as well replace it with "wrong think" at this point.
Which, again, good for them. I could care less. I left a little over a month ago once I figured out what was going on. They are perfectly allowed their fiefdom on the internet, but I would never recommend the platform to anyone as a useful Git forge unless they happen to sit in that little thought bubble.
But that's the game, I suppose. Everyone knows what's going on and they just don't care. And so I don't care about Codeberg :)