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Nonprofiteer
← KHAN ACADEMY INC

Form 990 for tax year 2024

Filed by KHAN ACADEMY INC.

What the amendment changed

Compared with the return it replaced , filed 14 February 2025. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$28,054,572 changed to $117,488,956
Total expenses
$38,772,419 changed to $87,533,668
Contributions and grants received
$20,748,059 changed to $90,423,383
Grants paid
$0 changed to $593,100
Program service revenue
$5,341,231 changed to $22,164,801
Investment income
$1,874,351 changed to $4,814,850
Other revenue
$90,931 changed to $85,922
Total assets, end of year
$127,337,918 changed to $158,656,292
Total liabilities, end of year
$7,747,632 changed to $6,440,948
Net assets or fund balances, end of year
$119,590,286 changed to $152,215,344
Program services expenses
$32,940,811 changed to $75,592,351
Management and general expenses
$3,953,536 changed to $8,240,154
Fundraising expenses
$1,878,072 changed to $3,701,163
Program service expenses (Part III)
$32,940,811 changed to $75,592,351

Listed only on the later return

  • Caroline Flexer
  • Diana Olin
  • Jason Chancey
  • John Resig
  • Julia Cowles
  • Julian Roberts
  • Kristen Dicerbo
  • Michael Flexer
  • Paul Morgan
  • Regina Ross
  • Sandeep Bapna
  • Sujata Salem
  • Theodore Chen
  • Vicki Zubovic

Totals

Total revenue
$117,488,956
Total expenses
$87,533,668
Contributions and grants received
$90,423,383
Grants paid
$593,100
Program service revenue
$22,164,801
Investment income
$4,814,850
Other revenue
$85,922
Total assets, end of year
$158,656,292
Total liabilities, end of year
$6,440,948
Net assets or fund balances, end of year
$152,215,344
Program services expenses (Part IX)
$75,592,351
Management and general expenses
$8,240,154
Fundraising expenses
$3,701,163
Program service expenses (Part III)
$75,592,351

Program services were 86.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $90,423,383

  • 1g · Noncash contributions included above

    $7,576,130

  • 2a · Program service revenue: DEVELOPMENT FEES

    total $21,280,214 · related or exempt $21,280,214

  • 2b · Program service revenue: MAINTENANCE FEES

    total $884,178 · related or exempt $884,178

  • 2c · Program service revenue: SPEAKING FEES

    total $409 · related or exempt $409

  • 3 · Investment income

    total $4,158,661 · excluded $4,158,661

  • 5 · Royalties

    total $134,256 · excluded $134,256

  • 7a · Gross sales of assets other than inventory

    securities $69,848,614

  • 7b · Less cost or other basis and sales expenses

    securities $69,192,425

  • 7c · Gain or loss

    securities $656,189

  • 7d · Net gain or loss

    total $656,189 · excluded $656,189

  • 11a · Other revenue: MISCELLANEOUS

    total -$18,178 · related or exempt -$18,178

  • 11b · Other revenue: LOSS ON FOREIGN CURREN

    total -$30,156 · excluded -$30,156

  • 11e · Other revenue, total

    -$48,334

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $593,100 · program services $593,100

  • 5 · Compensation of officers, directors and key employees

    total $4,368,281 · program services $2,986,645 · management and general $940,507 · fundraising $441,129

  • 7 · Other salaries and wages

    total $52,358,604 · program services $46,232,809 · management and general $4,433,131 · fundraising $1,692,664

  • 8 · Pension plan contributions

    total $1,852,097 · program services $1,560,634 · management and general $218,098 · fundraising $73,365

  • 9 · Other employee benefits

    total $5,780,809 · program services $5,091,088 · management and general $502,568 · fundraising $187,153

  • 10 · Payroll taxes

    total $3,805,373 · program services $3,337,959 · management and general $339,371 · fundraising $128,043

  • 11b · Fees: legal

    total $184,815 · program services $24,664 · management and general $160,151

  • 11c · Fees: accounting

    total $237,041 · program services $35,000 · management and general $202,041

  • 11f · Fees: investment management

    total $138,855 · management and general $138,855

  • 11g · Fees: other

    total $3,934,751 · program services $3,533,377 · management and general $401,374

  • 12 · Advertising and promotion

    total $647,195 · program services $633,544 · management and general $7,976 · fundraising $5,675

  • 13 · Office expenses

    total $1,268,835 · program services $821,110 · management and general $123,773 · fundraising $323,952

  • 14 · Information technology

    total $9,974,636 · program services $8,636,771 · management and general $545,068 · fundraising $792,797

  • 16 · Occupancy

    total $803,356 · program services $691,822 · management and general $91,258 · fundraising $20,276

  • 17 · Travel

    total $1,263,749 · program services $1,155,652 · management and general $80,490 · fundraising $27,607

  • 19 · Conferences, conventions and meetings

    total $32,919 · program services $30,779 · management and general $2,140

  • 22 · Depreciation, depletion and amortization

    total $2,887 · program services $2,543 · management and general $249 · fundraising $95

  • 23 · Insurance

    total $236,781 · program services $208,535 · management and general $20,467 · fundraising $7,779

  • 24a · Other expenses: EMPLOYEE & TEACHER GIFT

    total $16,270 · program services $5,355 · management and general $10,709 · fundraising $206

  • 24e · All other expenses

    total $33,314 · program services $10,964 · management and general $21,928 · fundraising $422

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,016,255 · end of year $5,517,957

  • 2 · Savings and temporary cash investments

    beginning of year $541,806 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $3,858,861 · end of year $8,676,834

  • 4 · Accounts receivable

    beginning of year $4,773,504 · end of year $2,088,273

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,514,854 · end of year $2,302,927

  • 10a · Land, buildings and equipment: cost or other basis

    $92,615

  • 10b · Land, buildings and equipment: accumulated depreciation

    $92,615

  • 10c · Land, buildings and equipment, net

    beginning of year $2,888 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $109,708,062 · end of year $139,601,353

  • 15 · Other assets

    beginning of year $921,688 · end of year $468,948

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,918,608 · end of year $2,736,492

  • 19 · Deferred revenue

    beginning of year $4,073,929 · end of year $3,324,558

  • 25 · Other liabilities

    beginning of year $755,095 · end of year $379,898

  • 27 · Net assets without donor restrictions

    beginning of year $86,826,040 · end of year $104,562,033

  • 28 · Net assets with donor restrictions

    beginning of year $32,764,246 · end of year $47,653,311

Mission and programs · 2024

Mission

A FREE WORLD-CLASS EDUCATION FOR ANYONE, ANYWHERE.

  • PLATFORM DEVELOPMENT: OUR PLATFORM DEVELOPMENT TEAM FOCUSES ON BUILDING THE WEB AND MOBILE SOFTWARE THAT ALLOWS US TO OFFER STUDENTS A WORLD-CLASS, PERSONALIZED LEARNING EXPERIENCE ACROSS MULTIPLE SUBJECT AREAS. BY STRENGTHENING THE PLATFORM, WE ARE ABLE TO PROVIDE STUDENTS WITH A LEARNING EXPERIENCE THAT RIVALS THAT OF A PERSONALIZED, ALWAYS-AVAILABLE TUTOR. FROM JULY 2024 TO JUNE 2025, AN AVERAGE OF 8.5 MILLION LEARNERS WERE ACTIVE ON OUR PLATFORM EACH MONTH IN MORE THAN 190 COUNTRIES. APPROXIMATELY 53% OF OUR LEARNERS WERE LOCATED OUTSIDE OF THE UNITED STATES. OUR CONTENT IS TRANSLATED INTO MORE THAN 50 LANGUAGES. WE CONTINUE TO MAKE IMPROVEMENTS TO OUR MASTERY LEARNING FEATURES AND EXPANDED CONTENT LIBRARY WITH THE ADDITION OF MORE SUBJECTS, UNIT TESTS AND QUIZZES.

    Expenses $51,197,550 · Revenue $22,146,623

  • CONTENT CREATION AND CURATION: THE KHAN ACADEMY PLATFORM INCLUDES AN EXTENSIVE AND GROWING LIBRARY OF EDUCATIONAL RESOURCES. ON JUNE 30, 2025, IT CONTAINED APPROXIMATELY 800 ACTIVE COURSES, 20,000 VIDEOS, 12,500 SETS OF PRACTICE PROBLEMS, AND 10,250 ARTICLES. FROM JULY 2024 TO JUNE 2025, WE CONTINUED TO DEEPEN AND BROADEN OUR COURSE OFFERINGS IN THE CORE SUBJECTS OF MATH, SCIENCE, ENGLISH/LANGUAGE ARTS AND SOCIAL STUDIES, AND ALSO EXPANDED COURSES IN POPULAR TOPICS SUCH AS FINANCIAL LITERACY AND COMPUTER SCIENCE. ADDITIONALLY, WE CONTINUED TO FORGE PARTNERSHIPS TO HELP US CREATE MORE WORLD-CLASS CONTENT. KHAN ACADEMY'S GOAL IS TO BE THE WORLD'S BEST LEARNING RESOURCE, PROVIDING FREE, RIGOROUS, AND ENGAGING STANDARDS-ALIGNED INSTRUCTIONAL AND PRACTICE CONTENT TO TEACHERS AND LEARNERS IN THE K-12 CLASSROOM ESPECIALLY, BUT ALSO TO ANY INDEPENDENT LEARNER, ANYWHERE IN THE WORLD.

    Expenses $12,093,799

  • AWARENESS AND ADOPTION: WE WILL CONTINUE DEVELOPING PARTNERSHIPS WITH INSTITUTIONS ACROSS THE WORLD TO INCREASE AWARENESS ABOUT KHAN ACADEMY AND INCREASE OUR IMPACT. EXAMPLE PARTNERSHIPS INCLUDE SCHOOL DISTRICTS IN THE UNITED STATES AND OTHER MARKETS, TESTMAKERS AND CREDENTIALING BODIES, CORPORATIONS, AND FOUNDATIONS. BY JUNE 30, 2025, WE HAD MORE THAN 185 MILLION REGISTERED STUDENTS, TEACHERS AND PARENTS.

    Expenses $12,301,002 · Grants $593,100

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ann Doerr

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    10

  • Curtis Feeney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David Siegel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Larry Cohen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Laura Overdeck

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Patricia Levesque

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sean O'Sullivan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ted Mitchell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sanjiv Yajnik

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Carlos Rodriguez-Pastor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Reed Hastings

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Salman Khan

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $913,109
    From this org
    $871,261
    From related orgs
    $0
    Other
    $41,848
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $871,261
    Bonus
    $0
    Other
    $0
    Deferred
    $8,414
    Nontaxable benefits
    $33,434
    Filer's total
    $913,109

  • Julian Roberts

    CHIEF FIN AND ADMIN OFFICER

    Total calculated
    $481,553
    From this org
    $434,319
    From related orgs
    $0
    Other
    $47,234
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $434,319
    Bonus
    $0
    Other
    $0
    Deferred
    $13,800
    Nontaxable benefits
    $33,434
    Filer's total
    $481,553

  • Julia Cowles

    VP GENERAL COUNSEL

    Total calculated
    $392,980
    From this org
    $368,953
    From related orgs
    $0
    Other
    $24,027
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $368,953
    Bonus
    $0
    Other
    $0
    Deferred
    $6,247
    Nontaxable benefits
    $17,780
    Filer's total
    $392,980

  • Vicki Zubovic

    CHIEF EXTERNAL RELATIONS OFFICER

    Total calculated
    $476,813
    From this org
    $452,231
    From related orgs
    $0
    Other
    $24,582
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $452,231
    Bonus
    $0
    Other
    $0
    Deferred
    $13,800
    Nontaxable benefits
    $10,782
    Filer's total
    $476,813

  • Kristen Dicerbo

    CHIEF LEARNING OFFICER

    Total calculated
    $401,796
    From this org
    $378,433
    From related orgs
    $0
    Other
    $23,363
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $378,433
    Bonus
    $0
    Other
    $0
    Deferred
    $12,581
    Nontaxable benefits
    $10,782
    Filer's total
    $401,796

  • Paul Morgan

    CTO & VP, ENGINEERING

    Total calculated
    $403,720
    From this org
    $371,742
    From related orgs
    $0
    Other
    $31,978
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $371,742
    Bonus
    $0
    Other
    $0
    Deferred
    $12,565
    Nontaxable benefits
    $19,413
    Filer's total
    $403,720

  • Caroline Flexer

    VP PRODUCT, KHAN KIDS

    Total calculated
    $390,749
    From this org
    $360,822
    From related orgs
    $0
    Other
    $29,927
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $360,822
    Bonus
    $0
    Other
    $0
    Deferred
    $10,514
    Nontaxable benefits
    $19,413
    Filer's total
    $390,749

  • Michael Flexer

    SR DIRECTOR, ENGINEERING

    Total calculated
    $378,948
    From this org
    $354,366
    From related orgs
    $0
    Other
    $24,582
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $354,366
    Bonus
    $0
    Other
    $0
    Deferred
    $13,800
    Nontaxable benefits
    $10,782
    Filer's total
    $378,948

  • Regina Ross

    CHIEF PEOPLE OFFICER (THRU 12/1/24)

    Total calculated
    $362,359
    From this org
    $333,913
    From related orgs
    $0
    Other
    $28,446
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $333,913
    Bonus
    $0
    Other
    $0
    Deferred
    $3,390
    Nontaxable benefits
    $25,056
    Filer's total
    $362,359

  • Sandeep Bapna

    VP INTERNATIONAL OPERATIONS

    Total calculated
    $373,539
    From this org
    $328,770
    From related orgs
    $0
    Other
    $44,769
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $328,770
    Bonus
    $0
    Other
    $0
    Deferred
    $13,295
    Nontaxable benefits
    $31,474
    Filer's total
    $373,539

  • John Resig

    DIRECTOR ENGINEERING

    Total calculated
    $354,148
    From this org
    $324,254
    From related orgs
    $0
    Other
    $29,894
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $315,211
    Bonus
    $0
    Other
    $9,043
    Deferred
    $6,166
    Nontaxable benefits
    $23,728
    Filer's total
    $354,148

  • Diana Olin

    ASSOCIATE GENERAL COUNSEL

    Total calculated
    $338,768
    From this org
    $320,220
    From related orgs
    $0
    Other
    $18,548
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $320,220
    Bonus
    $0
    Other
    $0
    Deferred
    $7,766
    Nontaxable benefits
    $10,782
    Filer's total
    $338,768

  • Sujata Salem

    DIRECTOR ENGINEERING

    Total calculated
    $322,271
    From this org
    $309,048
    From related orgs
    $0
    Other
    $13,223
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $309,048
    Bonus
    $0
    Other
    $0
    Deferred
    $5,142
    Nontaxable benefits
    $8,081
    Filer's total
    $322,271

  • Jason Chancey

    DIRECTOR ENGINEERING

    Total calculated
    $335,822
    From this org
    $290,607
    From related orgs
    $0
    Other
    $45,215
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $290,607
    Bonus
    $0
    Other
    $0
    Deferred
    $11,781
    Nontaxable benefits
    $33,434
    Filer's total
    $335,822

  • Theodore Chen

    DIRECTOR ENGINEERING

    Total calculated
    $329,904
    From this org
    $284,924
    From related orgs
    $0
    Other
    $44,980
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $284,924
    Bonus
    $0
    Other
    $0
    Deferred
    $11,546
    Nontaxable benefits
    $33,434
    Filer's total
    $329,904

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • KHAN ACADEMY INDIA

    501(C)(3) · EDUCATION · IN · controlled entity

    Directly controlled by KHAN ACADEMY INC

  • KHAN ACADEMY BRASIL

    501(C)(3) · EDUCATION · BR · controlled entity

    Directly controlled by KHAN ACADEMY INC

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • DUCK DUCK MOOSE LLC

    ON-LINE EARLY LEARNING · CA

    Directly controlled by KHAN ACADEMY INC

Provenance

Return type
form_990
Tax year
2024
Filed
5 February 2026
IRS schema version
2024v5.5
Source object
202640439349300549

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