|Legal Name:||Khan Academy|
|Headquarters Regions:||Mountain View, California, United States|
|Number of Employees:||130+|
|Area served:||United States of America and world|
|Products of Company:||non-profit educational organization|
|Net Worth in 2023:||$1.5 million|
Khan Academy is a non-profit educational organization established by Sal Khan in 2006 to develop a range of online resources to assist students in their education. The company creates video lectures in short tutorials. It also has additional practice exercises and content for educators on its website. Users of the platform and framework can use all tools for free.
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Salman “Sal” Khan established the organization in 2006 after tutoring one of his cousins in the subject of mathematics over the Internet using a program named Yahoo! Doodle Images. Khan’s other cousins started to use his tutoring services after a while. Khan wanted to make his videos available on the Internet due to popular demand, so he uploaded them to YouTube. Later, he used a painting program named SmoothDraw, and now he draws with ArtRage on a Wacom screen. His computer was used to film the video lessons.
Khan left his work in 2009 to work full-time on making instructional tutorials after receiving positive feedback (then he went to release them under the name Khan Academy). On September 15, 2014, Khan Lab School, which is a school established by Sal Khan and affiliated with Khan Academy, opened in Mountain View, California. Khan Academy formally unveiled the Financial Literacy Video Series for college learners, work seekers, as well as young professionals in June 2017.
Khan Academy is a non-profit organization (501(c)(3)) that is mainly supported by philanthropic contributions. As a portion of their Project 10100 initiative, Google contributed $2 million in 2010 to create innovative courses and translate material into other languages.
Carlos Slim of the Luis Alcazar Foundation in Mexico donated money in 2013 to help create Spanish versions of films. AT&T donated $2.25 million to Khan Academy in the year 2015 for web variants of the material that could be accessed via applications. Khan Academy has received a $1.5 million donation from the Bill and Melinda Gates Foundation. Elon Musk contributed $5 million to his Musk Foundation on 11 January 2021.
The Khan Academy website seeks to offer a free personalized learning environment centered primarily on YouTube videos. Since it provides other functionality, including success monitoring, practice exercises, and instructional resources, the website is intended to supplement the films. Mobile apps are now available to view the material.
The videos include a recording of illustrations on the electronic blackboard that look like they were drawn by an educator delivering a lesson. Each drawing is defined by the narrator, along with how it relates to the material being taught. Users will also win badges as well as energy points during the courses, which they can feature on their profiles. Offline copies of the videos have been circulated to remote communities in Asia, Latin America, as well as Africa through non-profit organizations. Videos include all topics taught in school and are appropriate for students in kindergarten through high school.
Content from the educational YouTube channels and organizations like Crash Course as well as the Museum of Modern Art is also available on the Khan Academy website. It also offers online courses for AP Chemistry, SAT, Praxis Core, MCAT training, and LSAT preparation classes, which were launched in 2018.
They often work with individual chemists, as described in their “Meet the chemistry expert” section. Khan Academy has also contributed to Code.org’s Hour of Code by hosting coding tutorials on its site. Khan Academy was appointed the official practice associate for the College Board’s Advanced Placement program in July 2017.
Nearly 20,000 subtitle translations are accessible for Khan Academy films, which have been translated into many languages. Volunteers also do these translations with the assistance of foreign collaborations. The Khan Academy portal is accessible in full in English, Bangla, Bulgarian, Chinese, French, German, Georgian, Norwegian, Polish, Portuguese, Spanish, Serbian, Turkish, and Uzbek, as well as in parts in 28 other languages.
Khan Academy has been the main SAT prep website since 2015. According to studies, preparing for the SAT for twenty hours at the Khan Academy is linked to an improvement of 115 points-score on average. Often book exercises choose questions to be written from the Khan Academy website.
Awards and achievements
The Khan Academy has made a significant difference in the educational attainment of children all over the world. With the technical environment being more advanced every day, Khan Academy has exploded in prominence, making many teachers’ jobs easier. Since it is simple to use at home, it has expanded the period children spend studying. Khan Academy has had a significant influence on people’s lives and for a while now has been recognized for it twice: first, as one of the five Heinz Award recipients in the year 2014, and then as the recipient of the Shorty Award in the category of ‘Best in Education in the year 2016.
Net Worth & Earnings of Khan Academy in 2023
As of 2023, Khan Academy is a non-profit organization that has relatively limited knowledge of its net assets. It is reliant on contributions from charitable organizations. Bill and Melinda Gates, for example, contributed $1.5 million to the Khan Academy to help it continue its educational services. Since it is a charitable organization, it does not make money but rather relies on the goodwill of organizations and people.
Khan Academy has had a major global influence. It has aided students who are struggling in school in increasing their academic expectations and achieving their academic goals. It has also made teachers’ jobs easier, so they no longer have to contend with children on a personal basis. Because of the organization’s good purpose, it is destined to rise.