Khan Academy Inc

Analysis

Khan Academy Inc is a registered charity in United States, based in Mountain View, CA. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Khan Academy Inc reported income of $98.3m and spending of $68.1m, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $46.2m to $98.3m (+112%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 85%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Khan Academy Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Education Service Center Region Xiii ($98.3m), Lenoir-Rhyne University ($98.6m) and Northwood University ($98.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $5.8m (8.5% of expenses). Other salaries and wages came to $37.1m. At year end it held assets of $136.3m against liabilities of $7.7m, net assets of $128.5m. It reported 237 employees.