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I've been a fan of Khan Academy since they were just some Youtube videos. You can find Khan Academy's past Form 990 online and I've been archiving them. Sal K
by dannysu 6y ago
I've been a fan of Khan Academy since they were just some Youtube videos.
You can find Khan Academy's past Form 990 online and I've been archiving them.
Sal Khan made:
2008: ? ($0 revenue)
2009: ?
2010: $70,833
2011: $348,879
2012: $348,529
2013: $348,292
2014: $548,116
2015: $800,000
2016: $815,000
2017: $785,000
2018: $824,000
You can see that, just like a startup, the sacrifice in the beginning as a founder is real. Before 2010 his salary from KA was probably 0 or significantly less. $70K in 2010 was less than my new grad salary. The jump in 2011 to $350K is around how much a senior makes in HCOL areas now. There has been basically no adjustment in his earning for 4 years from 2015 to 2018.
From the 990 forms, you can also get a sense of how much other people in the organization are being paid. I think all of them can command higher compensation elsewhere, but choose to work at KA because leveling the playing field for education is such a great mission.
Sal Khan's compensation as a CEO is only ~3.x times of many senior positions in the organization. Not outrageous at all.
In 2008's Form 990, Sal Khan wrote that KA is being used by 10,000 students daily. I don't know how many accounts, but growing from that to 71 million in 2018 is incredible. The impact to the world is undeniable.