Khodorkovsky Foundation
Analysis
Khodorkovsky Foundation is a registered charity in England and Wales, based in London. It was registered in November 2004, 22 years ago. Its declared purposes cover education/training and human rights/religious or racial harmony/equality or diversity, which this site groups under human rights and equality. Legally it is a charitable company (Companies House number 04988238). It says it makes grants to organisations.
In the financial year ending December 2025, Khodorkovsky Foundation reported income of £9.7m and spending of £11.0m, spending 114% of what it took in. Across the 5 years on record, from December 2021 to December 2025, income grew from £2.9m to £9.7m (+236%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 265%. Over the whole period it spent 142% of the income it received.
Among 700 England and Wales charities whose main cause is human rights and equality and that reported income, Khodorkovsky Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in England and Wales with reported income it ranks in the 99th percentile. Charities of a similar size with the same main cause include The Haddad Foundation (£7.9m), British Refugee Council (£14.9m) and Inspira (01) (£5.7m).
In its latest detailed accounts, income came from investments 41%. Charitable activities took 86% of spending and raising funds 12%. Grants to other organisations totalled £9.4m.
Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.
Income and spending
Where the income comes from
- Investments 41%
- Other 59%
In the charity's own words
FOLLOWING THE DESIGNATION OF THE FOUNDATION AS AN UNDESIRABLE ORGANISATION BY THE RUSSIAN GOVERNMENT IN JULY 2021, THE TRUSTEES HAVE SOUGHT TO REFOCUS THE FOUNDATION'S GRANT MAKING POLICY (WHICH HAD HISTORICALLY FOCUSED ON THE SUPPORT OF EDUCATION IN RUSSIA) TO SUPPORT INSTITUTIONS OUTSIDE OF RUSSIA ENGAGED IN ADVANCING EDUCATION AND SUPPORTING CIVIL SOCIETY AND HUMAN RIGHTS.
Similar-sized charities, same cause
| Charity | Location | Income |
|---|---|---|
| The Haddad Foundation | London | £7.9m |
| British Refugee Council | London | £14.9m |
| Inspira (01) | Penrith | £5.7m |
| Article 19 | London | £15.3m |