The Clear Fund - Nonprofit Explorer - ProPublica
webThis is the ProPublica Nonprofit Explorer page for GiveWell (The Clear Fund), a charity evaluator that directs significant philanthropic funding. GiveWell is relevant to AI safety as it influences effective altruism funding ecosystems that also support AI safety research organizations.
Metadata
Importance: 12/100otherreference
Summary
This ProPublica Nonprofit Explorer page provides financial and organizational data for The Clear Fund, the legal entity operating GiveWell, a prominent charity evaluator based in Oakland, CA. In 2024, GiveWell reported $270M in revenue and $184M in expenses, with 96% of revenue from contributions. The page includes compensation data for key staff including CEO Elie Hassenfeld.
Key Points
- •GiveWell (The Clear Fund) is a 501(c)(3) public foundation tax-exempt since July 2007 with EIN 20-8625442.
- •2024 financials show $270M revenue, $184M expenses, and $288M total assets, reflecting significant philanthropic scale.
- •96.1% of revenue comes from contributions, with investment income making up the remaining ~4%.
- •CEO Elie Hassenfeld received $424,805 in compensation in 2024; total executive compensation was ~$2.1M.
- •GiveWell is a major player in the effective altruism ecosystem, influencing where large sums of charitable funding flow.
39 FactBase facts citing this source
| Entity | Property | Value | As Of |
|---|---|---|---|
| GiveWell | Net Assets | $5.7M | 2016 |
| GiveWell | Revenue | $18M | 2015 |
| GiveWell | Net Assets | $182M | 2023 |
| GiveWell | Net Assets | $22M | 2019 |
| GiveWell | Annual Expenses | $152M | 2022 |
| GiveWell | Net Assets | $78M | 2022 |
| GiveWell | Net Assets | $3.7M | 2014 |
| GiveWell | Annual Expenses | $32M | 2018 |
| GiveWell | Annual Expenses | $2.3M | 2012 |
| GiveWell | Annual Expenses | $188M | 2021 |
| GiveWell | Revenue | $220M | 2023 |
| GiveWell | Revenue | $2.5M | 2012 |
| GiveWell | Revenue | $36M | 2018 |
| GiveWell | Revenue | $151M | 2022 |
| GiveWell | Annual Expenses | $5.4M | 2013 |
| GiveWell | Net Assets | $2.2M | 2013 |
| GiveWell | Revenue | $6.6M | 2013 |
| GiveWell | Revenue | $18M | 2016 |
| GiveWell | Annual Expenses | $116M | 2023 |
| GiveWell | Annual Expenses | $1M | 2011 |
| GiveWell | Revenue | $29M | 2017 |
| GiveWell | Annual Expenses | $19M | 2016 |
| GiveWell | Net Assets | $79M | 2021 |
| GiveWell | Annual Expenses | $41M | 2019 |
| GiveWell | Net Assets | $12M | 2018 |
| GiveWell | Revenue | $51M | 2019 |
| GiveWell | Net Assets | $1M | 2012 |
| GiveWell | Annual Expenses | $15M | 2015 |
| GiveWell | Revenue | $11M | 2014 |
| GiveWell | Annual Expenses | $27M | 2017 |
| GiveWell | Net Assets | $8.4M | 2017 |
| GiveWell | Net Assets | $6M | 2015 |
| GiveWell | Annual Expenses | $9.6M | 2014 |
| GiveWell | Net Assets | $839K | 2011 |
| GiveWell | Revenue | $1.3M | 2011 |
| GiveWell | Revenue | $206M | 2021 |
| GiveWell | Annual Expenses | $78M | 2020 |
| GiveWell | Revenue | $117M | 2020 |
| GiveWell | Net Assets | $61M | 2020 |
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The Clear Fund - Nonprofit Explorer - ProPublica
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The Clear Fund
Givewell
Oakland, CA
Tax-exempt since July 2007
EIN: 20-8625442
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Organization summary
Type of Nonprofit
Designated as a 501(c)(3)
Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.
Category :
Philanthropy, Voluntarism and Grantmaking Foundations /
Public Foundations
(NTEE)
Donations to this organization are tax deductible.
Summary charts: organization finances over time
Revenue $270M (2024)
Expenses $184M (2024)
Total Assets $288M (2024)
Total Liabilities $21.9M (2024)
Source: Form 990 tax filings from 2011 to 2024
Tax Filings by Year
Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS.
Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.
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Fiscal Year Ending Dec.
2024
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$269,542,773
Expenses
$183,707,000
Net Income
$85,835,773
Net Assets
$266,066,839
Notable Sources of Revenue
Percent of Total Revenue
Contributions
$258,920,634
96.1%
Program Services
$0
Investment Income
$10,596,829
3.9%
Bond Proceeds
$0
Royalties
$0
Rental Property Income
$0
Net Fundraising
$0
Sales of Assets
$25,310
0.0%
Net Inventory Sales
$0
Other Revenue
$0
Notable Expenses
Percent of Total Expenses
Executive Compensation
$2,118,971
1.2%
Professional Fundraising Fees
$0
Other Salaries and Wages
$8,845,766
4.8%
Assets/Debt
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