What makes Khan Academy a not-for-profit?
Khan Academy is an IRS-recognized 501(c)3 not-for-profit (nonprofit) organization. Khan Academy materials are available for free at www.khanacademy.org. The organization is supported through the generosity of donors and grants. We believe that everyone should have the right to access a world-class education for free.
Although Sal has been approached about making Khan Academy for-profit, it just didn't feel right to him. His view has been, “When I'm 80, I want to feel that I helped give access to a world-class education to billions of students around the world. Sounds a lot better than starting a business that educates some subset of the developed world that can pay $19.95/month and eventually sell it to some textbook company or something. I already have a beautiful wife, a hilarious son, two Hondas, and a decent house. What else does a man need?"