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Charity Math
The 990 read · EIN 52-1231983 · DC · Fiscal year 2025

Aga Khan Foundation USA

Aga Khan Foundation USA: CEO salary, finances and where donations go

In its own words

“The aga khan foundation u.s.a. Is a public, non-denominational, philanthropic organization established by his highness the aga khan IV.”

Data only Figures straight from the filing, screened by our rules. Not yet reviewed in depth by a CPA.

Methodology by Amir Arani, CPA, CA · Updated

Top pay
$327K Muneerah Merchant, 0.3% of spending
Revenue
$106.7M 92.8% from donations and grants
Spent
$96.1M 96.8% on programs, as reported
Net assets
$582.3M end of 2025
Savings
72.7 months of spending, net assets ÷ spending
People
35 employees, 1,000 volunteers
Form 990 (2025), Parts I, VII, IX, X
01 · Red flags

No red flags in its latest filing.

We screen every filing against twelve rules. A flag is a prompt for a closer look, not a finding of wrongdoing.

No reported asset diversions, no insider transactions, no fundraisers keeping most of the money, and the governance policies we check for are in place.

02 · Where $1 goes · 2025

Of each dollar it spent, 96.8¢ went to programs, as reported.

The split the charity filed.
96.8¢
Programs, $93.1M
1.5¢
Fundraising, $1.4M
1.7¢
Admin, $1.6M
Form 990 (2025), Part IX, line 25
Cost to raise $1
1¢
as reported

For each dollar donated, Aga Khan Foundation USA spent 1¢ on fundraising.

Fundraising ÷ $99.0M contributions · Form 990 Parts VIII, IX
03 · What it does

What it told the IRS it spent on.

The charity's own description of its largest programs, with what each cost.

Program 1 · 15% of program spending · $14.0M in grants $14.0M

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

Program 2 · 10.1% of program spending · $9.4M in grants $9.4M

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.

Program 3 · 55.6% of program spending · $46.4M in grants $51.8M

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.

Form 990 (2025), Part III
04 · The savings

Net assets: $155.9M to $582.3M in 11 years.

Net assets at each fiscal year end, 2013 to 2025.

Net assets at year end, $ millions
156
158
161
168
354
398
486
464
496
539
539
582
Form 990 history via ProPublicaForm 990 (2025)
05 · Who gets paid

The 7 highest-paid people.

Reportable pay in 2025, from the charity and related organizations.

Muneerah Merchant
Chief Executive Officer
$327,055
Ibrahim Inayatali
Reg Dir Planned/Legacy Giving
$226,026
Zahra Lutfeali
Dir,prgm&prtnrshps
$223,395
Nazlin Pepermintwala
Asso Director of Finance and Administration
$180,099
Sally Maier
Senior Design Strategist
$135,833
Leroy Fernandes
Donor Services Manager
$125,819
Munira Yasir
Grants Finance Manager
$115,753
Form 990 (2025), Part VII, Section A
Largest outside contractors
ContractorServicePaid
Ghulam Mohamed EbooConsultant$266,328
Bdo USAAuditors$158,410
Form 990 (2025), Part VII, Section B
06 · Questions

The questions people ask about the Aga Khan Foundation USA.

Short, sourced answers. Each one stands on its own.

How much does the Aga Khan Foundation USA CEO make?

Muneerah Merchant, Chief Executive Officer, received $327,055 in reportable compensation in 2025, 0.3% of Aga Khan Foundation USA's $96.1M in spending.

Form 990 (2025), Part VII

What percentage of Aga Khan Foundation USA donations go to programs?

Aga Khan Foundation USA reported 96.8% of 2025 spending as programs, 1.5% as fundraising and 1.7% as management.

Form 990 (2025), Part IX

How much money does Aga Khan Foundation USA have?

Net assets were $582.3M at the end of 2025, about 72.7 months of spending.

Form 990 (2025), Part X

Does Aga Khan Foundation USA have any red flags in its filing?

Its latest Form 990 triggered none of our twelve screening rules, which cover reported asset diversions, insider transactions, fundraiser costs, governance policies and spending patterns.

Form 990 (2025)
07 · Sources and citing

Every number, traced.

  1. Aga Khan Foundation USA Form 990, 2025 (IRS e-file)
  2. Aga Khan Foundation USA Form 990 history (ProPublica Nonprofit Explorer)
Cite this page

Amir Arani, “Aga Khan Foundation USA: CEO salary, finances and where your dollar goes,” Charity Math, updated 2026-11-07. https://charitymath.com/charities/aga-khan-foundation-usa/