THE CLEAR FUND

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

ELIE HASSENFELD

Phone

4156895803

Tax Period

2023-01-01 to 2023-12-31

THE CLEAR FUND, founded in 2007, is a major nonprofit in the Philanthropy & Grantmaking sector that reported $219.6M in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $104.0M, a strong 47% operating margin.

Mission

THE CLEAR FUND (AKA GIVEWELL) FINDS OUTSTANDING GIVING OPPORTUNITIES AND PUBLISHES THE FULL DETAILS OF OUR ANALYSIS TO HELP DONORS DECIDE WHERE TO GIVE.

Program Service Accomplishments

Program 1

Expenses: $108,987,625 Revenue: $2,241

PUBLISHED 30 PAGES DESCRIBING GRANTS TO TOP CHARITIES AND NEW GRANTS. PUBLISHED 6 RESEARCH REPORTS ON NEW PROGRAMS AND INTERVENTIONS AND 8 SHORT REPORTS ON PROGRAMS WE LOOKED INTO. UPDATED PARAMETERS IN OUR TOP CHARITIES COST-EFFECTIVENESS MODEL AND PUBLISHED THESE CHANGES. WE DIRECTED MORE THAN $150 MILLION TO COST-EFFECTIVE PROGRAMS AS A RESULT OF OUR RESEARCH.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $217,426,223

Program Service Revenue $0

Investment Income $2,197,654

Other Revenue $2,241

TOTAL REVENUE $219,626,118

Expense Breakdown

Grants Paid $96,214,183

Salaries & Benefits $11,119,448

Fundraising Expenses $867,163

Program Expenses $108,987,625

Other Expenses $8,242,726

TOTAL EXPENSES $115,576,357

Year-over-Year Comparison

	2023	2022	Change
Revenue	$219,626,118	$151,012,759	+0.5%
Expenses	$115,576,357	$152,422,669	-0.2%
Net Income	$104,049,761	$-1,409,910	-74.8%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,308,385

Total Directors

$435,905

Key Employees

$622,393

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM OGDEN	CHAIR	1.00	Officer Director	$0	$0	$0
HOLDEN KARNOFSKY	VICE CHAIR (THRU 8/21/23)	1.00	Officer Director	$0	$0	$0
CARI TUNA	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIA WISE	VICE CHAIR/BOARD MEMBER	1.00	Director	$0	$0	$0
NORMA ALTSHULER	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES MCCLAVE	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIELA AMODEI	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIE HASSENFELD	CHIEF EXECUTIVE OFFICER	40.00	Officer Director	$400,000	$35,905	$435,905
WHITNEY RIDER	SEC/HEAD OF HR & BUS OPS (THRU 10/13/23)	40.00	Officer	$307,702	$2,793	$310,495
BENJAMIN BATEMAN	SECRETARY/DIRECTOR OF OPERATIONS	40.00	Officer	$280,800	$10,264	$291,064
NATALIE CRISPIN	TREASURER/SENIOR PROGRAM OFFICER	40.00	Officer	$259,500	$11,421	$270,921
STEPHANIE STOJANOVIC	DIRECTOR OF DEVELOPMENT	40.00	Key Emp	$332,920	$20,141	$353,061
TERYN MATTOX	DIRECTOR OF RESEARCH	40.00	Key Emp	$258,128	$11,204	$269,332
JULIE FALLER	SENIOR PROGRAM OFFICER	40.00	Highest	$236,700	$30,062	$266,762
ALEX COHEN	PRINCIPAL RESEARCHER	40.00	Highest	$214,200	$30,060	$244,260
MARINELLA CAPRIATI	PROGRAM OFFICER	40.00	Highest	$224,756	$26,544	$251,300
ELIZABETH EYERMANN	SR PROGRAM ASSOCIATE (THRU 12/15/23)	40.00	Highest	$199,300	$8,940	$208,240
CAITLIN MCGUGAN	SENIOR RESEARCHER	40.00	Highest	$196,775	$24,574	$221,349

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$219,626,118	$115,576,357	$208,555,407	$104,049,761
2022	$151,012,759	$152,422,669	$117,537,288	$-1,409,910
2021	$206,158,416	$188,307,536	$165,963,654	$17,850,880
2020	$117,018,758	$78,127,328	$98,437,477	$38,891,430
2019	$51,079,383	$40,896,067	$43,908,385	$10,183,316
2018	$36,024,182	$32,186,559	$26,349,456	$3,837,623