Archewell Foundation

CharityWatch is unable to provide a rating for Archewell Foundation based on its fiscal year ended 12/31/2022 due to the charity's short history of financial activity. CharityWatch typically waits until a charity has had 3 years of significant financial activity before applying our methodology to the organization, evaluating its financial activities, and assigning a rating. CharityWatch's inability to provide a rating for the Foundation at this time does not imply a negative or positive evaluation. 

CharityWatch contacted the Archewell Foundation on 01/22/2024 via email and U.S. Postal Service mail requesting copies of its most recent IRS Form 990 and Audited Financial Statements. As of 2/1/2024 the charity has not responded to our requests. Should it provide these documents at a future date, CharityWatch may update our profile of Archewell Foundation at that time. 

According to its fiscal 2022 IRS Form 990, which CharityWatch obtained from the organization's website, the Foundation reported raising $2,000,911 in cash contributions and spending $2,679,537 in total cash expenses that year. In its prior fiscal year 2021 reporting, The Foundation reported raising $13,004,470 in total cash contributions and spending $3,987,070 in total cash expenses, according to its IRS Form 990 of the same year. 

While Archewell Foundation's reported contributions total to an average of nearly $7.5 million per year, this average is skewed due the charity having received significantly more contributions in its first year of operations as compared to its second. This is not largely due to it receiving large grants from a few sources in its first year of operations as compared to its second. In fact, the opposite is true. 

According to the Foundation's IRS Form 990 (Schedule A, Part II, Section A), the Foundation reports that it collected $15,005,381 in "Gifts, grants, contributions, and membership fees received" during its first two years of operations. Of this amount, the "total contributions by each person (other than a governmental unit or publicly supported organization)...that exceeds 2%" per donor is reported as being only $3,699,786. Meaning, over its first two years of operations, the Foundation collected the vast majority of its contributions in the form of smaller donations from many sources. Over 50% of this $3,699,786 amount was donated in fiscal 2022, its second year of operations, according to the charity’s tax filing (IRS Form 990, Schedule B), which reports that Archewell Foundation received $1 million each that year from two different donors.