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Nonprofiteer
← KHAN ACADEMY INC

Form 990 for tax year 2024

Filed by KHAN ACADEMY INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2024 , filed 5 February 2026. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) 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
$28,054,572
Total expenses
$38,772,419
Contributions and grants received
$20,748,059
Grants paid
$0
Program service revenue
$5,341,231
Investment income
$1,874,351
Other revenue
$90,931
Total assets, end of year
$127,337,918
Total liabilities, end of year
$7,747,632
Net assets or fund balances, end of year
$119,590,286
Program services expenses (Part IX)
$32,940,811
Management and general expenses
$3,953,536
Fundraising expenses
$1,878,072
Program service expenses (Part III)
$32,940,811

Program services were 85.0% 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

    $20,748,059

  • 1g · Noncash contributions included above

    $5,048,666

  • 2a · Program service revenue: DEVELOPMENT FEES

    total $4,388,456 · related or exempt $4,388,456

  • 2b · Program service revenue: MAINTENANCE FEES

    total $952,775 · related or exempt $952,775

  • 3 · Investment income

    total $2,088,291 · excluded $2,088,291

  • 5 · Royalties

    total $91,236 · excluded $91,236

  • 7a · Gross sales of assets other than inventory

    securities $20,211,358

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

    securities $20,425,298

  • 7c · Gain or loss

    securities -$213,940

  • 7d · Net gain or loss

    total -$213,940 · excluded -$213,940

  • 11a · Other revenue: LOSS ON FOREIGN CURREN

    total -$305 · excluded -$305

  • 11e · Other revenue, total

    -$305

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $904,919 · program services $300,435 · management and general $465,822 · fundraising $138,662

  • 7 · Other salaries and wages

    total $22,804,692 · program services $19,957,711 · management and general $1,939,188 · fundraising $907,793

  • 9 · Other employee benefits

    total $3,069,977 · program services $2,627,340 · management and general $309,768 · fundraising $132,869

  • 10 · Payroll taxes

    total $1,786,321 · program services $1,535,670 · management and general $175,696 · fundraising $74,955

  • 11b · Fees: legal

    total $78,787 · program services $22,435 · management and general $56,352

  • 11c · Fees: accounting

    total $191,089 · program services $17,500 · management and general $173,589

  • 11f · Fees: investment management

    total $59,887 · management and general $59,887

  • 11g · Fees: other

    total $2,911,933 · program services $2,507,367 · management and general $386,729 · fundraising $17,837

  • 12 · Advertising and promotion

    total $342,337 · program services $326,894 · management and general $12,826 · fundraising $2,617

  • 13 · Office expenses

    total $755,498 · program services $559,841 · management and general $38,507 · fundraising $157,150

  • 14 · Information technology

    total $4,731,365 · program services $4,114,465 · management and general $214,113 · fundraising $402,787

  • 16 · Occupancy

    total $337,585 · program services $308,183 · management and general $20,386 · fundraising $9,016

  • 17 · Travel

    total $641,780 · program services $536,589 · management and general $78,625 · fundraising $26,566

  • 19 · Conferences, conventions and meetings

    total $42,935 · program services $27,917 · management and general $11,758 · fundraising $3,260

  • 22 · Depreciation, depletion and amortization

    total $5,479 · program services $4,795 · management and general $474 · fundraising $210

  • 23 · Insurance

    total $93,294 · program services $81,640 · management and general $8,081 · fundraising $3,573

  • 24a · Other expenses: EMPLOYEE & TEACHER GIFT

    total $11,124 · program services $9,203 · management and general $1,327 · fundraising $594

  • 24e · All other expenses

    total $3,417 · program services $2,826 · management and general $408 · fundraising $183

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,294,509 · end of year $5,016,255

  • 2 · Savings and temporary cash investments

    beginning of year $1,033,472 · end of year $541,806

  • 3 · Pledges and grants receivable

    beginning of year $4,246,813 · end of year $3,858,861

  • 4 · Accounts receivable

    beginning of year $4,766,875 · end of year $4,773,504

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,657,027 · end of year $2,514,854

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

    $1,543,246

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

    $1,540,358

  • 10c · Land, buildings and equipment, net

    beginning of year $8,367 · end of year $2,888

  • 11 · Investments: publicly traded securities

    beginning of year $117,370,915 · end of year $109,708,062

  • 15 · Other assets

    beginning of year $872,379 · end of year $921,688

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,678,554 · end of year $2,918,608

  • 19 · Deferred revenue

    beginning of year $4,247,038 · end of year $4,073,929

  • 25 · Other liabilities

    beginning of year $802,985 · end of year $755,095

  • 27 · Net assets without donor restrictions

    beginning of year $82,262,690 · end of year $86,826,040

  • 28 · Net assets with donor restrictions

    beginning of year $46,259,090 · end of year $32,764,246

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. IN THE FIRST HALF OF 2024, AN AVERAGE OF 10.6 MILLION LEARNERS WERE ACTIVE ON OUR PLATFORM EACH MONTH IN MORE THAN 190 COUNTRIES. APPROXIMATELY 54% 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 $21,866,700 · Revenue $5,341,231

  • CONTENT CREATION AND CURATION: THE KHAN ACADEMY PLATFORM INCLUDES AN EXTENSIVE AND GROWING LIBRARY OF EDUCATIONAL RESOURCES. ON JUNE 30, 2024, IT CONTAINED APPROXIMATELY 800 ACTIVE COURSES, 31,500 VIDEOS, 20,000 SETS OF PRACTICE PROBLEMS, AND 9,100 ARTICLES. IN THE FIRST HALF OF 2024, WE CONTINUED TO DEEPEN AND BROADEN OUR COURSE OFFERINGS IN MATH AND SCIENCE, AND WE FORGED 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 $5,533,171

  • 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, 2024, WE HAD MORE THAN 168 MILLION REGISTERED STUDENTS, TEACHERS AND PARENTS.

    Expenses $5,540,940

As filed on the 2024 return.

Listed in Part VII

  • Salman Khan

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $0
    Hours/week
    40 + 1 related

  • 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

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.

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
14 February 2025
IRS schema version
2024v5.0
Source object
202540789349301404

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