Civic Intelligence

The Clear Fund

EIN 20-8625442 • 501(c)3 • Oakland, CA

Profile

The clear fund (aka givewell) finds outstanding giving opportunities and publishes the full details of our analysis to help donors decide where to give.

1714 Franklin St 100335Oakland, CA 94612

www.givewell.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

21st percentile

0.08x

Higher debt load relative to assets than 21% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

11th percentile

0.08x

Higher debt load relative to revenue than 11% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Net Margin

87th percentile

32%

Higher net margin than 87% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

24th percentile

$387,947

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

501(c)3 • $250M-$1B nonprofits • Source year 2022

Asset Growth

94th percentile

38%

Faster asset growth than 94% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

81st percentile

23%

Faster revenue growth than 81% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets21st percentile

Assets

Up

$287,962,096

Up $79,406,689 (+38%) from 2023

Liabilities

Down

$21,895,257

Down $4,819,558 (-18%) from 2023

Net Assets

Up

$266,066,839

Up $84,226,247 (+46%) from 2023

Operations
Liabilities / Revenue11th percentileNet Margin87th percentile

Revenue

Up

$269,542,773

Up $49,916,655 (+23%) from 2023

Expenses

Up

$183,707,000

Up $68,130,643 (+59%) from 2023

Net Income

Down

$85,835,773

Down $18,213,988 (-18%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth94th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300M$200M$100M$0Assets 2010: $527,740Liabilities 2010: $5,707Net Assets 2010: $522,0332010Assets 2011: $1,434,214Liabilities 2011: $595,332Net Assets 2011: $838,8822011Assets 2012: $2,371,475Liabilities 2012: $1,333,687Net Assets 2012: $1,037,7882012Assets 2013: $5,629,816Liabilities 2013: $3,436,588Net Assets 2013: $2,193,2282013Assets 2014: $8,233,496Liabilities 2014: $4,516,863Net Assets 2014: $3,716,6332014Assets 2015: $12,449,684Liabilities 2015: $6,455,962Net Assets 2015: $5,993,7222015Assets 2016: $13,708,185Liabilities 2016: $7,960,696Net Assets 2016: $5,747,4892016Assets 2017: $20,609,736Liabilities 2017: $12,177,550Net Assets 2017: $8,432,1862017Assets 2018: $26,349,456Liabilities 2018: $14,078,075Net Assets 2018: $12,271,3812018Assets 2019: $43,908,385Liabilities 2019: $21,453,454Net Assets 2019: $22,454,9312019Assets 2020: $98,437,477Liabilities 2020: $37,091,664Net Assets 2020: $61,345,8132020Assets 2021: $165,963,654Liabilities 2021: $86,770,175Net Assets 2021: $79,193,4792021Assets 2022: $117,537,288Liabilities 2022: $39,746,494Net Assets 2022: $77,790,7942022Assets 2023: $208,555,407Liabilities 2023: $26,714,815Net Assets 2023: $181,840,5922023Assets 2024: $287,962,096Liabilities 2024: $21,895,257Net Assets 2024: $266,066,8392024

Highlighted filing

2024

Assets$287,962,096
Liabilities$21,895,257
Net Assets$266,066,839
Open 2024 Filing

Operations Trend

Revenue Growth81st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300M$200M$100M$0-$100MExpenses 2010: $619,8272010Expenses 2011: $1,029,4352011Expenses 2012: $2,300,2542012Revenue 2013: $6,587,734Expenses 2013: $5,432,433Net Income 2013: $1,155,3012013Revenue 2014: $11,088,700Expenses 2014: $9,564,626Net Income 2014: $1,524,0742014Revenue 2015: $17,635,918Expenses 2015: $15,358,563Net Income 2015: $2,277,3552015Revenue 2016: $18,366,934Expenses 2016: $18,607,090Net Income 2016: -$240,1562016Revenue 2017: $29,450,003Expenses 2017: $26,763,776Net Income 2017: $2,686,2272017Revenue 2018: $36,024,182Expenses 2018: $32,186,559Net Income 2018: $3,837,6232018Revenue 2019: $51,079,383Expenses 2019: $40,896,067Net Income 2019: $10,183,3162019Revenue 2020: $117,018,758Expenses 2020: $78,127,328Net Income 2020: $38,891,4302020Revenue 2021: $206,158,416Expenses 2021: $188,307,536Net Income 2021: $17,850,8802021Revenue 2022: $151,012,759Expenses 2022: $152,422,669Net Income 2022: -$1,409,9102022Revenue 2023: $219,626,118Expenses 2023: $115,576,357Net Income 2023: $104,049,7612023Revenue 2024: $269,542,773Expenses 2024: $183,707,000Net Income 2024: $85,835,7732024

Highlighted filing

2024

Revenue$269,542,773
Expenses$183,707,000
Net Income$85,835,773
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$287,962,096
Liabilities
$21,895,257
Net assets
$266,066,839
Revenue
$269,542,773
Expenses
$183,707,000
Net income
$85,835,773
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$288$21.9$266$270$184$85.8
2023Detailed filing. Detailed filing data is available for this year.$209$26.7$182$220$116$104
2022Detailed filing. Detailed filing data is available for this year.$118$39.7$77.8$151$152$1.41
2021Detailed filing. Detailed filing data is available for this year.$166$86.8$79.2$206$188$17.9
2020Detailed filing. Detailed filing data is available for this year.$98.4$37.1$61.3$117$78.1$38.9
2019Detailed filing. Detailed filing data is available for this year.$43.9$21.5$22.5$51.1$40.9$10.2
2018Detailed filing. Detailed filing data is available for this year.$26.3$14.1$12.3$36.0$32.2$3.84
2017Detailed filing. Detailed filing data is available for this year.$20.6$12.2$8.43$29.5$26.8$2.69
2016Detailed filing. Detailed filing data is available for this year.$13.7$7.96$5.75$18.4$18.6$0.24
2015Detailed filing. Detailed filing data is available for this year.$12.4$6.46$5.99$17.6$15.4$2.28
2014Detailed filing. Detailed filing data is available for this year.$8.23$4.52$3.72$11.1$9.56$1.52
2013Detailed filing. Detailed filing data is available for this year.$5.63$3.44$2.19$6.59$5.43$1.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.37$1.33$1.04$2.30
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.43$0.60$0.84$1.03
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.01$0.52$0.62
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$284,803,740
Mission and Program Overview

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.

Finding and funding outstanding giving opportunities in global health and development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$132,429,138$204,148,988▲ $71,719,850
Cash and Non-Interest-Bearing Accounts$45,523,377$56,953,786▲ $11,430,409
Savings and Temporary Cash Investments$22,518,384$20,133,631▼ $2,384,753
Pledges and Grants Receivable$5,084,344$4,224,041▼ $860,303
Prepaid Expenses and Deferred Charges$605,422$1,665,009▲ $1,059,587
Accounts Receivable$1,230,830--
Land, Buildings, and Equipment, Net$297,665$0▼ $297,665
Total Assets$208,555,407$287,962,096▲ $79,406,689
Other Assets Total$866,247$836,641▼ $29,606
Liabilities
Grants Payable$24,329,782$20,199,801▼ $4,129,981
Other Liabilities$488,335$903,353▲ $415,018
Accounts Payable and Accrued Expenses$1,896,698$792,103▼ $1,104,595
Total Liabilities$26,714,815$21,895,257▼ $4,819,558
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$118,220,903$187,834,806▲ $69,613,903
Net Assets With Donor Restrictions$63,619,689$78,232,033▲ $14,612,344
Total Net Assets Fund Balance$181,840,592$266,066,839▲ $84,226,247
Total Liabilities and Net Assets / Fund Balance$208,555,407$287,962,096▲ $79,406,689

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$0$562,226$562,226
Other Land Buildings$0$111,530$111,530
Equipment$0$34,933$34,933
Compensation and Service Providers
Top Officer Pay24th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Elie HassenfeldChief Executive OfficerFT$423,600$39,795$463,395
Teryn MattoxDirector of ResearchFT$332,200$12,844$345,044
Julie FallerSenior Program OfficerFT$290,792$33,025$323,817
Stephanie StojanovicDirector of OutreachFT$287,631$7,274$294,905
Alex CohenPrincipal ResearcherFT$261,100$32,802$293,902
Natalie CrispinTreasurer / Program OfficerFT$238,775$32,983$271,758
Benjamin BatemanDirector of Operations (to June)FT$158,198$101,170$259,368
Paige HenchenChief of Staff / SecretaryFT$203,529$35,694$239,223
Erin CrossettProgram OfficerFT$206,100$27,288$233,388
John MackeSenior ResearcherFT$202,543$22,685$225,228
Margaret LloydhauserPhilanthropy AdvisorFT$148,900$30,633$179,533
Dave WilsonSenior Program AssociateFT$148,200$18,582$166,782

Board Members and Trustees

NameTitle
Tim OgdenChair
Julia WiseVice Chair / Board Member (to May)
Cari TunaBoard Member
Daniela AmodeiBoard Member
James McclaveBoard Member
Norma AltshulerBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Oxford RoadAdvertising15303 VENTURA BLVD STE 1500, Sherman Oaks, CA 91403$1,182,068
IgnitionIt Services268 BUSH ST, San Francisco, CA 94104$193,899
Career Group CompaniesGift Operations Services345 CALIFORNIA ST STE 1650, San Francisco, CA 94104$167,121
Rethink PrioritiesResearch Services530 DIVISADERO ST PMB 796, San Francisco, CA 94117$160,000
Morgan Lewis & Bockius LLPLegal ServicesSPEAR STREET TOWER, San Francisco, CA 94105$102,222
Revenue and Support

Revenue Composition

Contributions and Grants
$258,920,634
Program Service Revenue
$0
Investment Income
$10,622,139
Other Revenue
$0
All Other Contributions
$254,847,923
Change in Net Assets
$85,835,773

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded341$14,413,437Fair Market Value (FMV)
Other Non Cash Contri Table444$847,530Fair Market Value (FMV)
Total Noncash Contributions785$15,260,967-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$163,148,227
Salaries, Compensation, and Employee Benefits$13,102,040
Other Expenses$7,456,733
Total Fundraising Expense$705,058
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$113,705,380--$113,705,380
Grants to Domestic Orgs$49,442,847--$49,442,847
Other Salaries and Wages$7,221,895$1,400,534$223,337$8,845,766
Current Officers, Directors, Trustees, and Key Employees$1,382,353$606,008$130,610$2,118,971
Fees for Services Other$1,327,414$425,326$42,724$1,795,464
Advertising$1,081,683-$120,187$1,201,870
Other Employee Benefits$926,449$231,452$31,533$1,189,434
Payroll Taxes$772,019$146,699$29,151$947,869
Travel$209,624$682,465$11,364$903,453
Occupancy$327,970$262,604$16,959$607,533
Office Expenses$74,981$352,163$1,759$428,903
Information Technology$90,983$190,546$9,274$290,803
Other Expenses$184,645$42,053$11,791$238,489
Fees for Services Legal-$187,617-$187,617
Insurance-$122,857-$122,857
Depreciation Depletion-$122,592-$122,592
Fees for Services Accounting$74,645$32,770-$107,415
Conferences and Meetings$12,960$5,213$372$18,545
Total Functional Expenses$177,384,209$5,617,733$705,058$183,707,000
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Against Malaria FoundationKansas City, MO501(c)(3)Operating Support$19,219,603
Helen Keller InternationalNew York, NY501(c)(3)Vitamin a Supplementation$11,928,342
Clinton Health Access Initiative - TbKansas City, MO501(c)(3)Tuberculosis$4,500,000
Evidence Action-maternal SyphilisKansas City, MO501(c)(3)Maternal Syphilis$2,874,362
New IncentivesWalnut, CA501(c)(3)Operating Support$2,218,419
Alima USA IncNew York, NY501(c)(3)Malnutrition Support$2,000,000
Yale Research InitiativeNew Haven, CT501(c)(3)Operating Support$1,299,147
Clinton Health Access Initiative - OrszincKansas City, MO501(c)(3)Ors/zinc$1,179,836
Dimgagi IncCambridge, MA501(c)(3)Commcare Connect$1,000,186
Development Innovation Lab University of ChicagoChicago, IL501(c)(3)Research Support$895,999
Center for Effective Global Action at Uc BerkeleyCharlotte, NC501(c)(3)Operating Support$787,500
Malengo - Ugandagermany ProgramDover, DE501(c)(3)Uganda/germany Program$500,000
MiraclefeetChapel Hill, NC501(c)(3)Operating Support$261,936
Evidence Action (ifa)Washington, DC501(c)(3)Ifa$198,993
Center for Global DevelopmentWashington, DC501(c)(3)Operating Support$197,000
International Rescue CommitteeNew York, NY501(c)(3)Operating Support$150,000
Id InsightSan Francisco, CA501(c)(3)Operating Support$94,500
Evidence Action (karnataka Bridge)Washington, DC501(c)(3)Karnataka Bridge$67,024
Urban InstituteWashington, DC501(c)(3)Philanthropy Case Studies$50,000
Spark MicrograntsNew York, NY501(c)(3)Operating Support$20,000

International Summary

Offices
0
Employees
0
Spending
$113,705,380

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (including Iceland & Greenland)Grantmaking-15$112,898,019
North AmericaGrantmaking-12$618,857
East Asia and the PacificGrantmaking-01$188,504
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability - Current Portion$903,353
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Form 990 review process: the treasurer and the chief executive officer review the draft form 990. Upon review, the form 990 is distributed electronically to the audit committee of the board of directors and thereafter the full board membership for review prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Conflict of interest policy process: the clear fund d/b/a givewell (the "corporation") requires each board member, officer, and key person of the corporation and any affiliate of the corporation annually to (1) review the corporation's conflict of interest policy (the "policy"); (2) disclose any possible personal, familial, or business relationship that reasonably could give rise to a conflict of interest or the appearance of a conflict of interest; and (3) acknowledge that he or she is acting in accordance with the letter and spirit of the policy. Conflict of interest statements are reviewed by the full board. Restrictions, if required, are considered on a case by case basis.”

Form 990, Part VI, Section B, Line 15

“Compensation review process: the process for compensation review is outlined in a board directive , item e4 in the board resolution available here: https://files.givewell.org/files/clearfund/meeting_2019_04_30/attachment_a_r esolutions_for_vote.pdf. This process was followed in full to set the current level of compensation for the ceo and compensated officers of the organization.”

Form 990, Part VI, Section C, Line 19

“Relevant records are available to the public for download from our public website, at http://www,givewell.org/about/official- records. Such records include all available financial statements, bylaws, conflict of interest policy, and articles of incorporation.”

Filing and Contact Details

Filer

Filer Name
The Clear Fund
EIN
20-8625442
Phone
4156895803
Address
1714 FRANKLIN ST 100335, OAKLAND, CA 94612
Doing Business As
Givewell

Signing Officer

Name
Elie Hassenfeld
Title
CEO
Phone
4156895803
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elie Hassenfeld
Formed
2007
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
5
Employees
96
Volunteers
6

Preparer

Firm
Uhy Advisors Northeast Inc
Address
4 TOWER PLACE EXECUTIVE PARK 7TH, FLOOR, ALBANY, NY 12203
Preparer
Xiaoqiang Zhang
Phone
5184493166
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Cumulative currency translation adjustment -1,609,526.”

Financial Statement Notes

PART X, LINE 2:

“Fasb asc 740 financial statements note regarding uncertain tax positions: givewell's accounting policy provides that a tax expense or benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination. Management has determined that givewell has taken no uncertain tax position that would require adjustment to the consolidated financial statements.”

Raw XML AppendixShowing 400 of 1,119 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0OUR GIVING FUNDS ENABLE DONORS TO CONTRIBUTE TO THE MOST IMPACTFUL AND COST-EFFECTIVE PROGRAMS OUR RESEARCHERS IDENTIFY. IN 2024, THANKS TO THE GENEROSITY OF MORE THAN 30,000 DONORS, GIVEWELL RECOMMENDED AND/OR FUNDED GRANTS OF MORE THAN $365 MILLION TO THESE EXCEPTIONAL OPPORTUNITIES TO DO GOOD, WHICH WE ESTIMATE WILL REACH AROUND 34 MILLION PEOPLE AND SAVE AROUND 74,000 LIVES.
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