Khan Lab School

Analysis

Khan Lab School is a registered charity in United States, based in Mountain View, CA. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Khan Lab School reported income of $9.4m and spending of $9.4m, spending 101% of its income. Across the 5 years on record, from August 2019 to July 2023, income grew from $5.9m to $9.4m (+58%), an average of +12% a year. The sharpest change came in the year to July 2021, when income rose by 35%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Khan Lab School sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Renaissance Academy Charter School of the Arts ($9.4m), Kipp Administrative Services Corporation ($9.4m) and Rabbinical College of America ($9.4m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 4.2% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $565k (6.0% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $21.5m against liabilities of $17.8m, net assets of $3.7m. It reported 80 employees.