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Khan Academy requests for donations as their servers are at 250% normal load

khanacademy.org

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Re: Khan Academy requests for donations as their servers are at 250% normal load

#21

The CEO make $824,000 in salary in 2018.. non-profit my ass.

I have to say that I agree with this sentiment. The CEO of a non-profit organization with a revenue of 52 million dollars should not be compensated with 824.000 dollars.

Re: Khan Academy requests for donations as their servers are at 250% normal load

#23
post #7
post #5

Earlier quoted context omitted.

It's a nonprofit organization. I'm not that educated on the topic but I think that means it's possible to find a breakdown of their expenses somewhere.

You can find their 2018 IRS filing here: https://projects.propublica.org/nonprofits/organizations/261... I've never read one before, but it looks like their IT spend was $5m of $49m total expenses on page 10. I think it's very plausible that a sudden unanticipated increase in IT costs could cause a cash crunch.

Thanks for linking to this.

A unique string to find this line item in the linked filing is "Information technology"

This was their second-largest functional expense area for 2018, behind "Other salaries and wages".

Although I'm not an accountant it also seemed noteworthy to me that their "Revenue less expenses" was negative for 2018 (not overwhelmingly in relation to their assets, but still by a sizable amount).

I'm not really qualified to comment on what that means, but naively it does seem to imply to me that they can continue to benefit from donations and external funding.

Re: Khan Academy requests for donations as their servers are at 250% normal load

#27
(Replying to a trollish comment, but don't want to push it to the top). There was a comment about the salary that CEO Sal Khan takes, with is over $800,0000 per year.

I think Khan Academy is fantastic, and was going to donate until I saw this figure (verified). I think that it's entirely inappropriate to extract that much from the donations.

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