Civic Intelligence

Khan Academy Inc.

990 • Fiscal year 2012 • EIN 26-1544963

Jan 01, 2012 to Dec 31, 2012 • Filed on Nov 12, 2013

PO Box 163094042
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

27th percentile

0.07x

Higher debt load relative to assets than 27% of similar nonprofits.

2012 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

$21,614,780

No earlier filing loaded for comparison.

Net Assets

$20,083,955

No earlier filing loaded for comparison.

Liabilities

$1,530,825

No earlier filing loaded for comparison.

Revenue

-

No earlier filing loaded for comparison.

Expenses

$7,289,182

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200M$150M$100M$50M$0Assets 2012: $21,614,780Liabilities 2012: $1,530,825Net Assets 2012: $20,083,9552012Assets 2014: $60,627,140Liabilities 2014: $3,275,513Net Assets 2014: $57,351,6272014Assets 2015: $65,124,962Liabilities 2015: $4,001,430Net Assets 2015: $61,123,5322015Assets 2016: $84,826,844Liabilities 2016: $8,147,052Net Assets 2016: $76,679,7922016Assets 2017: $101,492,821Liabilities 2017: $9,774,478Net Assets 2017: $91,718,3432017Assets 2018: $97,940,308Liabilities 2018: $12,370,094Net Assets 2018: $85,570,2142018Assets 2019: $86,675,767Liabilities 2019: $8,822,913Net Assets 2019: $77,852,8542019Assets 2021: $115,035,528Liabilities 2021: $9,272,154Net Assets 2021: $105,763,3742021Assets 2022: $105,255,724Liabilities 2022: $11,532,697Net Assets 2022: $93,723,0272022Assets 2025: $158,656,292Liabilities 2025: $6,440,948Net Assets 2025: $152,215,3442025

Highlighted filing

2012

Assets$21,614,780
Liabilities$1,530,825
Net Assets$20,083,955

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150M$100M$50M$0-$50MExpenses 2012: $7,289,1822012Revenue 2014: $33,663,239Expenses 2014: $19,103,502Net Income 2014: $14,559,7372014Revenue 2015: $27,945,225Expenses 2015: $24,113,592Net Income 2015: $3,831,6332015Revenue 2016: $44,823,044Expenses 2016: $29,353,552Net Income 2016: $15,469,4922016Revenue 2017: $52,809,375Expenses 2017: $37,495,508Net Income 2017: $15,313,8672017Revenue 2018: $42,742,920Expenses 2018: $48,863,733Net Income 2018: -$6,120,8132018Revenue 2019: $46,244,725Expenses 2019: $54,324,592Net Income 2019: -$8,079,8672019Revenue 2021: $59,263,743Expenses 2021: $53,879,015Net Income 2021: $5,384,7282021Revenue 2022: $53,234,817Expenses 2022: $58,157,502Net Income 2022: -$4,922,6852022Revenue 2025: $117,488,956Expenses 2025: $87,533,668Net Income 2025: $29,955,2882025

Highlighted filing

2012

Revenue-
Expenses$7,289,182
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Nov 12, 2013
Return Version
2012v2.1
Gross Receipts
$24,343,227
Mission and Program Overview

Mission

A free world-class education for anyone, anywhere.

Major Activities

Activity 2
Khan academy supports hundreds of thousands of coaches - teachers, faculty, parents, and mentors - who use khan academy's site to enable learners around the world. Through free online training resources and case studies developed by the education partnerships team, these coaches can learn how to use khan academy and get ideas on how to maximize the tools available based on feedback from real-world educators and students.
Activity 3
Khan academy holds a summer camp focused on project-based learning called discovery lab.
Filing and Contact Details

Filer

EIN
26-1544963
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IRS990ScheduleD/ExpensesSubtotal07289182
IRS990ScheduleD/FootnoteInPartXIII0X
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0THE ACADEMY IS A TAX-EXEMPT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND THE CALIFORNIA TAX CODE. THE ACADEMY PROVIDES FOR TAX, IF ANY, ON UNRELATED BUSINESS INCOME. THE ACADEMY'S CURRENT ACCOUNTING POLICY IS TO EVALUATE UNCERTAIN TAX POSITIONS. ACCORDINGLY, A LOSS CONTINGENCY IS RECOGNIZED WHEN IT IS PROBABLE THAT A LIABILITY HAD BEEN INCURRED AS OF THE DATE OF THE FINANCIAL STATEMENTS AND THE AMOUNT OF THE LOSS CAN BE REASONABLY ESTIMATED. AS OF DECEMBER 31, 2012, MANAGEMENT EVALUATED THE ACADEMY'S TAX POSITIONS AND CONCLUDED THAT THE ACADEMY HAD MAINTAINED ITS TAX-EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRED ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE ACADEMY IS SUBJECT TO INCOME TAX EXAMINATIONS BY U.S. FEDERAL AUTHORITIES FOR THE YEARS 2009 THROUGH 2011 AND BY CALIFORNIA STATE AUTHORITIES FOR THE YEARS 2008 THROUGH 2011.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation1COST OF GOODS SOLD, FORM 990, PART VIII, LINE 10B -16,755.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation2COST OF GOODS SOLD, FORM 990, PART VIII, LINE 10B 16,755.
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier0DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference0PART X, LINE 2:
IRS990ScheduleD/LeaseholdImprovements/BookValue053471
IRS990ScheduleD/LeaseholdImprovements/Depreciation09300

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