Archewell Inc

Analysis

Archewell Inc is a registered charity in United States, based in Beverly Hills, CA. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Archewell Inc reported income of $5.7m and spending of $3.3m, leaving 42% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $13.0m to $5.7m (-56%), an average of -34% a year. The sharpest change came in the year to December 2023, when income rose by 186%. Over the whole period it spent 48% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Archewell Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Apec Family Foundation Fund Inc ($5.7m), Pebble Beach Company Foundation ($5.7m) and In-N-Out Burgers Foundation ($5.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $546k (17% of expenses). Other salaries and wages came to $360k. At year end it held assets of $11.1m against liabilities of $349k, net assets of $10.8m. It reported 6 employees.