KHAN ACADEMY INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

SALMAN KHAN

Phone

6503365426

Tax Period

2024-07-01 to 2025-06-30

KHAN ACADEMY INC, founded in 2007, is a major nonprofit in the Education sector that reported $117.5M in total revenue in fiscal year 2024. Revenue surged 319% from the prior year, signaling strong growth momentum. The organization ran a surplus of $30.0M, a strong 25% operating margin.

Mission

A FREE WORLD-CLASS EDUCATION FOR ANYONE, ANYWHERE.

Program Service Accomplishments

Program 1

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

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...

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.

Program 2

Expenses: $12,093,799 Revenue: $0

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...

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.

Program 3

Expenses: $12,301,002 Revenue: $0

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...

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $90,423,383

Program Service Revenue $22,164,801

Investment Income $4,814,850

Other Revenue $85,922

TOTAL REVENUE $117,488,956

Expense Breakdown

Grants Paid $593,100

Salaries & Benefits $68,165,164

Fundraising Expenses $3,701,163

Program Expenses $75,592,351

Other Expenses $18,775,404

TOTAL EXPENSES $87,533,668

Year-over-Year Comparison

	2024	2023	Change
Revenue	$117,488,956	$28,054,572	+3.2%
Expenses	$87,533,668	$38,772,419	+1.3%
Net Income	$29,955,288	$-10,717,847	-3.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

337

Volunteers

600

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,787,642

Total Directors

$913,109

Key Employees

$2,787,924

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANN DOERR	CHAIRMAN	10.00	Officer Director	$0	$0	$0
CURTIS FEENEY	DIRECTOR	2.00	Director	$0	$0	$0
DAVID SIEGEL	DIRECTOR	2.00	Director	$0	$0	$0
LARRY COHEN	DIRECTOR	2.00	Director	$0	$0	$0
LAURA OVERDECK	DIRECTOR	2.00	Director	$0	$0	$0
PATRICIA LEVESQUE	DIRECTOR	2.00	Director	$0	$0	$0
SEAN O'SULLIVAN	DIRECTOR	2.00	Director	$0	$0	$0
TED MITCHELL	DIRECTOR	2.00	Director	$0	$0	$0
SANJIV YAJNIK	DIRECTOR	2.00	Director	$0	$0	$0
CARLOS RODRIGUEZ-PASTOR	DIRECTOR	2.00	Director	$0	$0	$0
REED HASTINGS	DIRECTOR	2.00	Director	$0	$0	$0
SALMAN KHAN	CHIEF EXECUTIVE OFFICER	40.00	Officer Director	$871,261	$41,848	$913,109
JULIAN ROBERTS	CHIEF FIN AND ADMIN OFFICER	40.00	Officer	$434,319	$47,234	$481,553
JULIA COWLES	VP GENERAL COUNSEL	40.00	Officer	$368,953	$24,027	$392,980
VICKI ZUBOVIC	CHIEF EXTERNAL RELATIONS OFFICER	40.00	Key Emp	$452,231	$24,582	$476,813
KRISTEN DICERBO	CHIEF LEARNING OFFICER	40.00	Key Emp	$378,433	$23,363	$401,796
PAUL MORGAN	CTO & VP, ENGINEERING	40.00	Key Emp	$371,742	$31,978	$403,720
CAROLINE FLEXER	VP PRODUCT, KHAN KIDS	40.00	Key Emp	$360,822	$29,927	$390,749
MICHAEL FLEXER	SR DIRECTOR, ENGINEERING	40.00	Key Emp	$354,366	$24,582	$378,948
REGINA ROSS	CHIEF PEOPLE OFFICER (THRU 12/1/24)	40.00	Key Emp	$333,913	$28,446	$362,359
SANDEEP BAPNA	VP INTERNATIONAL OPERATIONS	40.00	Key Emp	$328,770	$44,769	$373,539
JOHN RESIG	DIRECTOR ENGINEERING	40.00	Highest	$324,254	$29,894	$354,148
DIANA OLIN	ASSOCIATE GENERAL COUNSEL	40.00	Highest	$320,220	$18,548	$338,768
SUJATA SALEM	DIRECTOR ENGINEERING	40.00	Highest	$309,048	$13,223	$322,271
JASON CHANCEY	DIRECTOR ENGINEERING	40.00	Highest	$290,607	$45,215	$335,822
THEODORE CHEN	DIRECTOR ENGINEERING	40.00	Highest	$284,924	$44,980	$329,904

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$117,488,956	$87,533,668	$158,656,292	$29,955,288
2024	$28,054,572	$38,772,419	$127,337,918	$-10,717,847
2023	$98,267,721	$68,127,201	$136,250,357	$30,140,520
2022	$53,234,817	$58,157,502	$105,255,724	$-4,922,685
2021	$59,263,743	$53,879,015	$115,035,528	$5,384,728
2020	$79,340,879	$56,776,201	$115,080,607	$22,564,678
2019	$46,244,725	$54,324,592	$86,675,767	$-8,079,867
2018	$42,742,920	$48,863,733	$97,940,308	$-6,120,813