Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2007.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
97 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
14 people listed on the 990; $2.1M paid to officers and key staff.
Elie Hassenfeld’s $425K as Chief Executive Officer is at the 39th percentile of top reported officer pay among 129 $100M+ philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Elie Hassenfeld | $424,805 | $400,000 | $355,000 | $304,439 | $286,992 |
| Jim Bobowski | — | — | — | $339,578 | $341,117 |
| Teryn Mattox | $333,147 | $258,128 | $221,709 | $186,348 | $162,880 |
| Stephanie Stojanovic | $288,882 | $332,920 | $263,768 | $224,123 | $164,748 |
| Whitney Rider | — | $307,702 | $285,750 | $280,208 | $233,119 |
| Julie Faller | $291,908 | $236,700 | $173,791 | $154,057 | — |
| Benjamin Bateman | $248,875 | $280,800 | $213,230 | $197,943 | $192,090 |
| Alex Cohen | $262,052 | $214,200 | $180,088 | $154,713 | $146,122 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Researches and identifies highly impactful, cost-effective global charity opportunities to help donors maximize the lifesaving impact of their charitable giving.
Questions for The Clear Fund
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Givewell published updates on eight top charities and eight standout charities, added new incentives as a new top charity, and updated parameters in our cost-effectiveness model. It is estimated that more than $220 million in donations were made to our recommended charities as a result of our research.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $41.1M | $94.8M |
| InvestmentsLn 11–13 | $254K | $264K |
| Land, buildings, equipmentLn 10c | $711K | $578K |
| Total assetsLn 16 | $43.9M | $98.4M |
| LiabilitiesLn 26 | $21.5M | $37.1M |
| Net assetsLn 32 | $22.5M | $61.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $53.1M | $53.1M | ||
| Grants and assistance to foreign recipientsLn 3 | $16.6M | $16.6M | ||
| Pay of current officers, directors and key staffLn 5 | $1.3M | $990K | $262K | $63K |
| Other salaries and wagesLn 7 | $3.4M | $2.7M | $680K | $66K |
| Other employee benefitsLn 9 | $401K | $198K | $200K | $3K |
| Payroll taxesLn 10 | $315K | $249K | $57K | $8K |
| Legal feesLn 11b | $64K | $64K | ||
| Accounting feesLn 11c | $226K | $45K | $181K | |
| Other fees for servicesLn 11g | $438K | $248K | $152K | $38K |
| Advertising and promotionLn 12 | $754K | $679K | $75K | |
| Office expensesLn 13 | $97K | $5K | $93K | |
| Information technologyLn 14 | $39K | $13K | $24K | $1K |
| OccupancyLn 16 | $383K | $298K | $73K | $12K |
| TravelLn 17 | $24K | $8K | $16K | |
| InterestLn 20 | $6 | $6 | ||
| Depreciation, depletion and amortizationLn 22 | $147K | $147K | ||
| InsuranceLn 23 | $49K | $49K | ||
| Other expenses (24a–d)Ln 24 | $789K | $742K | $37K | $10K |
| All other expensesLn 24e | $42K | $42K | ||
| Total functional expensesLn 25 | $78.1M | $75.8M | $2.1M | $277K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $269.5M | $183.7M | $85.8M | $266.1M | 990 PDF |
| FY2023 | $219.6M | $115.6M | $104.0M | $181.8M | 990 PDF |
| FY2022 | $151.0M | $152.4M | −$1.4M | $77.8M | 990 PDF |
| FY2021 | $206.2M | $188.3M | $17.9M | $79.2M | 990 PDF |
| FY2020 Viewing | $117.0M | $78.1M | $38.9M | $61.3M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $117,018,758 revenue, 12 lines filed
Part VI · Governance 4 of 5 board members independent, no flags
Part VIII · Statement of revenue $117,018,758 across 6 lines filed
Part IX · Statement of functional expenses $78,127,328 across 19 lines filed
Part X · Balance sheet $98,437,477 assets, 19 lines filed
Part XI · Reconciliation of net assets $61,345,813 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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