According to a recent tax report, Archewell brought in $47.3 million in revenue in 2021, its first year of operation. The organization spent $44.5 million of that money on grants and program expenses, leaving it with a net asset value of $2.8 million.
The report also showed that Archewell’s board of directors is made up of some of the couple’s closest friends and advisors, including Oprah Winfrey, Tyler Perry, and Katherine Keating. Winfrey, who is a close friend of Meghan’s, has been a vocal supporter of Archewell and has donated millions of dollars to the organization.
Archewell’s financial situation is in line with that of other large non-profit organizations. In fact, the organization’s spending rate of 94% is higher than the average for non-profits, which is typically around 85%. This suggests that Archewell is efficiently using its resources to carry out its mission.
The organization’s mission is to “uplift and empower communities through compassionate service and impactful initiatives.” Archewell has a number of programs that focus on issues such as mental health, food insecurity, and education.
Overall, Archewell’s financial situation appears to be healthy. The organization is bringing in a significant amount of revenue, and it is spending that money on its programs. Archewell is a relatively new organization, but it has made a significant impact in its first year of operation.
