Khan Academy is a non-profit educational organization, created in 2006 byAmerican educator Salman Khan, a graduate of MIT. With the stated mission of "providing a high quality education to anyone, anywhere", the website supplies a free online collection of more than 2,800 micro lectures via video tutorials stored onYouTube teaching mathematics, history, healthcare and medicine, finance, physics,chemistry, biology, astronomy, economics, cosmology, organic chemistry, Americancivics, art history, microeThe founder of the organization, Salman Khan, was born and raised in New Orleans,Louisiana, United States. After earning three degrees from the Massachusetts Institute of Technology (a BS in mathematics, a BS in electrical engineering and computer science, and an MS in electrical engineering and computer science), he pursued an MBA from Harvard Business School. In late 2004, Khan began tutoring his cousin Nadia in mathematics using Yahoo!'s Doodle notepad. When other relatives and friends sought similar help, he decided it would be more practical to distribute the tutorials on YouTube. Their popularity there and the testimonials of appreciative students prompted Khan to quit his job in finance as a hedge fund analyst at Connective Capital Management in 2009 and focus on the tutorials (then released under the moniker "Khan Academy") full-time. Bill Gates once said that "I'd say we've moved about 160 IQ points from the hedge fund category to the teaching-many-people-in-a-leveraged-way category. It was a good day his wife let him quit his job."
The project is funded by donations. Khan Academy is a 501(c)(3) not-for-profit organization, now with significant backing from theBill & Melinda Gates Foundation and Google. Several people have made US$10,000 contributions; Ann and John Doerr gave $100,000; total revenue is about $150,000 in donations. Additionally, it also earned $2,000 a month from ads on the Web site in 2010, until Khan Academy ceased to accept advertising. In 2010, Google announced it would give the Khan Academy $2 million for creating more courses translating the core library into the world’s most widely spoken languages, as part of their Project 10100.conomics and computer science.