According to the documents, the foundation brought in roughly £1.96 million in revenue but spent about £3.8 million over the same period, resulting in a shortfall of approximately £1.9 million.
Following a recent rebrand, the organization recorded around £1.6 million in donations, distributed close to £940,000 in grants, and held net assets of about £6.2 million. Archewell’s annual informational filing, known as a Form 990, was made public on Friday.
The paperwork also revealed that “revenue less expenses” totaled negative £1.8 million (around $2.5 million), a sharp contrast to the previous year, when the charity reported a positive figure of about £1.8 million (roughly $2.4 million).
Responding to the figures, a spokesperson for the Duke and Duchess of Sussex said the spending was deliberate, explaining that year-to-year changes are normal and responsible in philanthropic work.
They noted that the deficit followed a period focused on fundraising and building reserves, with funds later allocated to long-term projects and commitments.