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Aga Khan Foundation USA
Aga Khan Foundation USA reported $106.7 million in revenue and $96.1 million in expenses for calendar year 2025. Of every $100 it spent, $96.83 went to program services, $1.67 to management and general costs and $1.50 to fundraising. Its largest source of revenue was contributions and grants: 92.8% of the total. The highest compensation it reported for one person was $353,219 (CHIEF EXECUTIVE OFFICER). 8 people received more than $100,000 in reportable compensation. Revenue fell 38% between 2019 and 2025. Source: Form 990, 2025.
Where $100 of spending went
Calendar year 2025 · Form 990, Part IX, line 25 · total expenses $96MFor context, the median across 469 covered international, foreign affairs & national security charities: $89.04 programs, $8.28 management, $2.68 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2025 · Form 990, Part VIII · total revenue $107MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 96.8% | 86.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 1.7% | 8.0% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.5% | 2.6% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.01 | $0.03 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 92.8% | 96.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 1.3% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 0.0% |
| Highest reported compensation Part VII-A, columns D–F | $353,219 | $341,362 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.37% | 1.06% |
| People paid over $100,000 Part VII, line 2 | 8 | 10 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 72.7 | 7.5 |
| Independent voting board members Part VI 1a–1b | 14 of 14 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2025 · Form 990, Part III · the three largest programs by expenseAs part of the AKF Endowment, these funds provide a permanent source of support to various long-term programmatic and operational expenditures
Water emergency relief project's overall objective is to improve access to safe drinking water and irrigation water services in selected rural areas of afghanistan. Over the course of three and half years, werp will provide around 1,000,000 million people with access to safe drinking water services and support farmers to gain access to irrigation water services
Bequest funding to Aga Khan Foundation geneva for leveraging external donor funding towards tackling the root causes of poverty and efforts to improve the quality of life in communities around the world
Highest reported compensation
2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CHIEF EXECUTIVE OFFICER Officer, 40.0 hrs/week | $327,055 | $0 | $26,164 | $353,219 |
| REG DIR PLANNED/LEGACY GIVING Highest compensated employee, 40.0 hrs/week | $226,026 | $0 | $18,082 | $244,108 |
| DIR,PRGM&PRTNRSHPS Highest compensated employee, 40.0 hrs/week | $223,395 | $0 | $17,872 | $241,267 |
| ASSO DIRECTOR OF FINANCE AND ADMINISTRATION Officer, 40.0 hrs/week | $180,099 | $0 | $14,408 | $194,507 |
| SENIOR DESIGN STRATEGIST Highest compensated employee, 40.0 hrs/week | $135,833 | $0 | $10,867 | $146,700 |
| DONOR SERVICES MANAGER Highest compensated employee, 40.0 hrs/week | $125,819 | $0 | $10,066 | $135,885 |
| GRANTS FINANCE MANAGER Highest compensated employee, 40.0 hrs/week | $115,753 | $0 | $9,260 | $125,013 |
8 people received more than $100,000 in reportable compensation from Aga Khan Foundation USA (Part VII, line 2). Compensation of current officers, directors and key employees totaled $548K (Part IX, line 5).
7 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b14 · 14 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 535
- Volunteers Part I, line 61,000
Largest outside contractors
2025 · Form 990, Part VII, Section B · businesses onlyIndividuals listed as contractors are left out. 2 contractors were paid more than $100,000 in all.
Private foundation grants it received
37 private foundations reported grants to Aga Khan Foundation USA totaling $4.5M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Aga Khan Foundation USA's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Aga Khan Foundation USA, you can publish a response that is linked from this page.
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Of every $100 Aga Khan Foundation USA spent in 2025, $96.83 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Aga Khan Foundation USA's spending goes to programs?
In calendar year 2025, Aga Khan Foundation USA reported that 96.8% of its $96.1 million in expenses went to program services, 1.7% to management and general and 1.5% to fundraising (Form 990, Part IX).
How much does Aga Khan Foundation USA pay its top executive?
The largest total compensation Aga Khan Foundation USA reported for one person in calendar year 2025 was $353,219, for the role of CHIEF EXECUTIVE OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Aga Khan Foundation USA get its money?
Of $106.7 million in revenue in calendar year 2025, 92.8% came from contributions and grants (including 1.3% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).
Is Aga Khan Foundation USA a registered charity?
The IRS lists EIN 52-1231983 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024, 2025. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2025: Form 990 for calendar year 2025, object 202611359349301021 · read the filing · XML
- 2024: Form 990 for calendar year 2024, object 202501359349310950 · read the filing
- 2023: Form 990 for calendar year 2023, object 202421369349313627 · read the filing
- 2022: Form 990 for calendar year 2022, object 202301459349301135 · read the filing
- 2021: Form 990 for calendar year 2021, object 202232139349300203 · read the filing
- 2020: Form 990 for calendar year 2020, object 202122789349300112 · read the filing
- 2019: Form 990 for calendar year 2019, object 202021979349302397 · read the filing
All filings for EIN 52-1231983: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.