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by dannysu 2268 days 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.