Aga Khan Foundation USA
Public records show a registered, tax-exempt organization in good standing.
What it says it does
THE AGA KHAN FOUNDATION U.S.A. IS A PUBLIC, NON-DENOMINATIONAL, PHILANTHROPIC ORGANIZATION ESTABLISHED BY HIS HIGHNESS THE AGA KHAN. IT SEEKS TO PROMOTE SOCIAL DEVELOPMENT, PRIMARILY IN LOW INCOME COUNTRIES OF ASIA & AFRICA BY FUNDING PROGRAMS IN HEALTH, EDUCATION, RURAL DEVELOPMENT, CIVIL SOCIETY STRENGTHENING, ECONOMIC DEVELOPMENT AND THE ENVIRONMENT.
- Income
- $106.7 million
- Spending
- $96.1 million
- Spent on programs
- 97%
- Reserves
- 18.4 months of spending
- Largest source of income
- donations and private grants, 92%
- Employees
- 35
- Volunteers
- 1,000
- Highest pay
- $353,219, chief executive officer
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Strong: 100 out of 100. Higher than 95% of charities in its peer group (international, over $100m).
Reserves
35 of 35Spendable reserves would cover 18.4 months of spending.
Debt
20 of 20It owes 3% of what it owns.
Living within its means
15 of 15Income exceeded spending by 10% of income.
Income trend
15 of 15Income rose 24% on the year before.
Spending floor
15 of 1597% of spending went to programs and raising each dollar of donations cost 1 cents.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 22% of charities in its peer group (international, over $100m).
Independent board
25 of 2514 of 14 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (5)
- $17.9 million spent. As part of the AKF Endowment, these funds provide a permanent source of support to various long-term programmatic and operational expenditures
- $14.0 million spent. 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
- $9.4 million spent. 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.
- $51.8 million spent. IN 2025, AKF U.S.A. ACTIVE GRANTS SUPPORTED INTERVENTIONS IN AFGHANISTAN, KENYA, KYRGYZSTAN, PAKISTAN, TAJIKISTAN, AND TANZANIA. THE DIVERSE PROGRAM PORTFOLIO INCORPORATES MULTI-SECTOR PROGRAMS SUCH AS TAJIKISTAN, AND AFGHANISTAN AREA DEVELOPMENT PROGRAMS, AS WELL AS THE SECTOR SPECIFIC INTERVENTIONS IN EDUCATION, HEALTH, RURAL DEVELOPMENT, ECONOMIC DEVELOPMENT, AND CIVIL SOCIETY STRENTHNING AND ENVIRONMENT. AKF U.S.A. ACTIVELY SUPPORTS HUMAN RESOURCE DEVELOPMENT THROUGH SCHOLARSHIP PROGRAM.
- (Expenses $ 51,769,562 including grants of $ 46,444,094)(Revenue $ 136,786) IN 2025, AKF U.S.A. ACTIVE GRANTS SUPPORTED INTERVENTIONS IN AFGHANISTAN, KENYA, KYRGYZSTAN, PAKISTAN, TAJIKISTAN, AND TANZANIA. THE DIVERSE PROGRAM PORTFOLIO INCORPORATES MULTI-SECTOR PROGRAMS SUCH AS TAJIKISTAN, AND AFGHANISTAN AREA DEVELOPMENT PROGRAMS, AS WELL AS THE SECTOR SPECIFIC INTERVENTIONS IN EDUCATION, HEALTH, RURAL DEVELOPMENT, ECONOMIC DEVELOPMENT, AND CIVIL SOCIETY STRENTHNING AND ENVIRONMENT. AKF U.S.A. ACTIVELY SUPPORTS HUMAN RESOURCE DEVELOPMENT THROUGH SCHOLARSHIP PROGRAM.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since December 1981.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
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