Civic Intelligence

Khan Academy Inc.

990 • Fiscal year 2025 • EIN 26-1544963

Jul 01, 2024 to Jun 30, 2025 • Filed on Feb 05, 2026

Organization ProfileWWW.KHANACADEMY.ORG

View Organization Page

PO Box 1630Mountain View, CA 94042

(650) 336-5426

Siviq Scores

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

Liabilities / Assets

20th percentile

0.04x

Higher debt load relative to assets than 20% of similar nonprofits.

2025 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2025

Liabilities / Revenue

12th percentile

0.05x

Higher debt load relative to revenue than 12% of similar nonprofits.

2025 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2025

Net Margin

78th percentile

25%

Higher net margin than 78% of similar nonprofits.

2025 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2025

Top Officer Pay

91st percentile

$913,109

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2025 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2025

Asset Growth

92nd percentile

25%

Faster asset growth than 92% of similar nonprofits.

2025 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Revenue Growth

99th percentile

319%

Faster revenue growth than 99% of similar nonprofits.

2025 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets20th percentile

Assets

Up

$158,656,292

Up $53,400,568 (+51%) from 2022

Net Assets

Up

$152,215,344

Up $58,492,317 (+62%) from 2022

Liabilities

Down

$6,440,948

Down $5,091,749 (-44%) from 2022

Revenue And Expenses
Liabilities / Revenue12th percentileNet Margin78th percentile

Revenue

Up

$117,488,956

Up $64,254,139 (+121%) from 2022

Expenses

Up

$87,533,668

Up $29,376,166 (+51%) from 2022

Net Income

Up

$29,955,288

Up $34,877,973 (+709%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

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

2025

Assets$158,656,292
Liabilities$6,440,948
Net Assets$152,215,344
Open 2025 Filing

Operations Trend

Revenue Growth99th percentile

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

2025

Revenue$117,488,956
Expenses$87,533,668
Net Income$29,955,288
Open 2025 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 5, 2026
Return Version
2024v5.5
Gross Receipts
$186,681,381
Mission and Program Overview

Mission

A free world-class education for anyone, anywhere.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$109,708,062$139,601,353▲ $29,893,291
Pledges and Grants Receivable$3,858,861$8,676,834▲ $4,817,973
Cash and Non-Interest-Bearing Accounts$5,016,255$5,517,957▲ $501,702
Prepaid Expenses and Deferred Charges$2,514,854$2,302,927▼ $211,927
Accounts Receivable$4,773,504$2,088,273▼ $2,685,231
Savings and Temporary Cash Investments$541,806$0▼ $541,806
Land, Buildings, and Equipment, Net$2,888$0▼ $2,888
Total Assets$127,337,918$158,656,292▲ $31,318,374
Other Assets Total$921,688$468,948▼ $452,740
Liabilities
Deferred Revenue$4,073,929$3,324,558▼ $749,371
Accounts Payable and Accrued Expenses$2,918,608$2,736,492▼ $182,116
Other Liabilities$755,095$379,898▼ $375,197
Total Liabilities$7,747,632$6,440,948▼ $1,306,684
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$86,826,040$104,562,033▲ $17,735,993
Net Assets With Donor Restrictions$32,764,246$47,653,311▲ $14,889,065
Total Net Assets Fund Balance$119,590,286$152,215,344▲ $32,625,058
Total Liabilities and Net Assets / Fund Balance$127,337,918$158,656,292▲ $31,318,374

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$84,347$84,347
Leasehold Improvements$0$8,268$8,268

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$24,324,015$11,960,241▲ $2,941,443-$39,225,699
2023$22,825,175-▲ $1,498,840-$24,324,015
2022$19,488,510-▲ $3,336,665-$22,825,175
2021$22,730,527$1,500,000▼ $4,742,017-$19,488,510
2020$17,572,279$3,933,117▲ $1,286,902-$22,730,527
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Salman KhanChief Executive OfficerFT$871,261$41,848$913,109
Julian RobertsChief Fin and Admin OfficerFT$434,319$47,234$481,553
Vicki ZubovicChief External Relations OfficerFT$452,231$24,582$476,813
Paul MorganCTO & VP, EngineeringFT$371,742$31,978$403,720
Kristen DicerboChief Learning OfficerFT$378,433$23,363$401,796
Julia CowlesVP General CounselFT$368,953$24,027$392,980
Caroline FlexerVP Product, Khan KidsFT$360,822$29,927$390,749
Michael FlexerSr Director, EngineeringFT$354,366$24,582$378,948
Sandeep BapnaVP International OperationsFT$328,770$44,769$373,539
Regina RossChief People Officer (thru 12/1/24)FT$333,913$28,446$362,359
John ResigDirector EngineeringFT$315,211$38,937$354,148
Diana OlinAssociate General CounselFT$320,220$18,548$338,768
Jason ChanceyDirector EngineeringFT$290,607$45,215$335,822
Theodore ChenDirector EngineeringFT$284,924$44,980$329,904
Sujata SalemDirector EngineeringFT$309,048$13,223$322,271

Board Members and Trustees

NameTitle
Ann DoerrChairman
Carlos Rodriguez-pastorDirector
Curtis FeeneyDirector
David SiegelDirector
Larry CohenDirector
Laura OverdeckDirector
Patricia LevesqueDirector
Reed HastingsDirector
SEAN O'SULLIVANDirector
Sanjiv YajnikDirector
Ted MitchellDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Target CwConsulting Services3545 AERO COURT, San Diego, CA 92123, Pe$2,143,126
Velocity GlobalConsulting Services3858 WALNUT ST SUITE 107, Denver, CO 80205$1,149,871
Partner Hero INCCommunity Support Consultants250 S 5TH ST STE 400, Boise, ID 83702$413,337
Kj Link InternationalKhan Academy Kids Support268 CASTRO STREET, Mountain View, CA 94041$217,827
Apoyo Communications SaPlatform Support For Partners In Peru-$160,654
Revenue and Support

Revenue Composition

Contributions and Grants
$90,423,383
Program Service Revenue
$22,164,801
Investment Income
$4,814,850
Other Revenue
$85,922
All Other Contributions
$90,423,383
Change in Net Assets
$29,955,288

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded15$7,576,130Fair Market Value
Total Noncash Contributions15$7,576,130-

Audited Revenue Reconciliation

Revenue per Audited Statements
$117,350,101
Revenue Not Reported on Financial Statements
$138,855
Revenue Not Reported on Form 990
$6,724,496
Total Revenue per Audited Statements
$124,074,597
Total Revenue per Form 990
$117,488,956
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$68,165,164
Other Expenses$18,775,404
Total Fundraising Expense$3,701,163
Grants and Similar Amounts Paid$593,100
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$46,232,809$4,433,131$1,692,664$52,358,604
Information Technology$8,636,771$545,068$792,797$9,974,636
Other Employee Benefits$5,091,088$502,568$187,153$5,780,809
Current Officers, Directors, Trustees, and Key Employees$2,986,645$940,507$441,129$4,368,281
Fees for Services Other$3,533,377$401,374-$3,934,751
Payroll Taxes$3,337,959$339,371$128,043$3,805,373
Pension Plan Contributions$1,560,634$218,098$73,365$1,852,097
Office Expenses$821,110$123,773$323,952$1,268,835
Travel$1,155,652$80,490$27,607$1,263,749
Occupancy$691,822$91,258$20,276$803,356
Advertising$633,544$7,976$5,675$647,195
Foreign Grants$593,100--$593,100
Fees for Services Accounting$35,000$202,041-$237,041
Insurance$208,535$20,467$7,779$236,781
Fees for Services Legal$24,664$160,151-$184,815
Fees for Service Investment Mgmnt Fees-$138,855-$138,855
All Other Expenses$10,964$21,928$422$33,314
Conferences and Meetings$30,779$2,140-$32,919
Other Expenses$5,355$10,709$206$16,270
Depreciation Depletion$2,543$249$95$2,887
Total Functional Expenses$75,592,351$8,240,154$3,701,163$87,533,668

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$91,449,539
Total Expenses per Form 990$87,533,668
Expenses per Audited Statements$87,394,813
Expenses Not Reported on Form 990$4,054,726
Expenses Not Reported on Financial Statements$138,855
International Activity

International Summary

Offices
2
Employees
63
Spending
$11,950,750

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
North AmericaProgramEmployee Salaries, Benefits, Taxes, and Contractors, Legal Services030$5,396,373
South AmericaGrantmaking, ProgramEmployee Payroll, Contracted Services, and Other Operating Costs, Implementation Support Services114$3,352,377
South AsiaProgramEmployee Salaries, Benefits, Taxes and G&a and Contractors.119$3,174,492
Sub-saharan AfricaProgramImplement Support Services00$26,008
Europe (including Iceland & Greenland)ProgramSubscriptions Services00$1,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liabilities$379,898
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Caroline flexer, vp product, khan kids, and michael flexer, sr director, engineering, have a family relationship.”

Form 990, Part VI, Section A, Line 4

“The bylaws of khan academy, inc. Were amended june 10, 2025 to establish a classified board with three-year terms aligned with the organization's fiscal year.”

Form 990, Part VI, Section B, Line 11B

“The taxpayer's accounting firm forwarded the form 990 to the chief financial officer for review. The chief financial officer forwarded the form 990 to the full board for their review prior to filing the form 990. Board members were encouraged to review the form 990 and to forward their questions and/or comments to the chief financial officer. Either the chief financial officer or the accounting firm addressed the questions from the board.”

Form 990, Part VI, Section B, Line 12C

“The general counsel annually distributes conflict disclosure forms and a copy of the conflict of interest policy, which are collected and reviewed for any disclosed conflicts.”

Form 990, Part VI, Section B, Line 15

“Compensation for ceo is evaluated by the compensation committee comprised of khan academy board members. It included an evaluation process, comparability data, both internal and external and approval by the committee.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request for the same period of time set forth in sec. 6104(d).”

Filing and Contact Details

Filer

Filer Name
Khan Academy Inc
EIN
26-1544963
Phone
6503365426
Address
PO BOX 1630, MOUNTAIN VIEW, CA 94042

Signing Officer

Name
Salman Khan
Title
CEO
Phone
6503365426
Signed
2026-02-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Salman Khan
Formed
2007
Legal Domicile
CA
Voting Board Members
12
Independent Board Members
11
Employees
337
Volunteers
600

Preparer

Firm
Hood & Strong Llp
Address
2580 N 1ST ST STE 460, SAN JOSE, CA 95131
Preparer
Maga E Kisriev
Phone
4089988400
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 6:

“We have many translators around the world who translate our website for free. We do not track the hours that they spend. Obtained estimate from a member of international team. We also have a handful of people who provide volunteer support. And finally we have our board members and global advisory board.”

Financial Statement Notes

PART V, LINE 4:

“The board desginated endowment fund is subject to the academy's endowment spending policy. The board of directors may at its discretion use the funds for any academy purposes including but not limited to operations and future programs.”

Raw XML AppendixShowing 400 of 1,118 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0A FREE WORLD-CLASS EDUCATION FOR ANYONE, ANYWHERE.
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IRS990/Desc0PLATFORM 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.
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Document Assets

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Filings

Displayed year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$158,656,292
Liabilities
$6,440,948
Net assets
$152,215,344
Revenue
$117,488,956
Expenses
$87,533,668
Net income
$29,955,288
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$159$6.44$152$117$87.5$30.0
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$105$11.5$93.7$53.2$58.2$4.92
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$115$9.27$106$59.3$53.9$5.38
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$86.7$8.82$77.9$46.2$54.3$8.08
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$97.9$12.4$85.6$42.7$48.9$6.12
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$101$9.77$91.7$52.8$37.5$15.3
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$84.8$8.15$76.7$44.8$29.4$15.5
2015Detailed filing. Detailed filing data is available for this year.$65.1$4.00$61.1$27.9$24.1$3.83
2014Detailed filing. Detailed filing data is available for this year.$60.6$3.28$57.4$33.7$19.1$14.6
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.6$1.53$20.1$7.29
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2025 filings • 501(c)3 • $100M-$250M nonprofits