Overview
- IRS Form 990 shows $5.1 million in expenses against $2.1 million in contributions for 2024, cutting net assets to $8.2 million from $10.7 million.
- Grantmaking totaled roughly $1.25 million as “other expenses” rose to $2.9 million and salaries reached $913,000.
- The organization has adopted a fiscal-sponsor structure under its new name, describing the change as a way to streamline administration and expand impact.
- Reports say three employees were let go during restructuring, while an Archewell spokesperson says the same full team remains in place and notes redundancies may be inevitable in junior roles.
- Media scrutiny has focused on donor concentration, with reports suggesting most 2024 income came via a large Silicon Valley Community Foundation–routed gift.