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Prince Harry and Meghan Markle's Archewell charity raised less than $70,000 in its first year, according to official documents.
The couple set up the non-profit foundation in 2020 after they stepped down as senior members of the royal family, but according to documents obtained by Daily Mail, a bank account for the charity wasn't opened until January 2021. The following month, the account received its first deposit.
The charity told the IRS in the US, its gross receipts for 2020 amounted to less than $70,000, despite the charity making headlines worldwide.
Sources told the Telegraph when the charity was set up that the couple will properly launch Archewell "when the time is right" due to the ongoing Covid-19 pandemic.
The source shared that a public launch was "off the cards" in the summer of 2020, adding, "What's absolutely clear is that they want to get it right and there's no point in rushing.
"They are settling into a new life, a new era. This is about getting it right and making sure they are able to make the difference they want to make."
The documents also show the pair paid more in legal fees for their charities than they raised in 2020.
Harry and Meghan first founded their Sussex Royal foundation in 2019, but had to change its name to MWX Foundation after stepping back from royal duties, and it's currently in the process of dissolved.
Meanwhile, the couple recently released the first picture of their daughter Lilibet on their annual Christmas card, which was titled Happy Holidays and sent by email through the Archewell foundation.
The sweet family photograph was captured by Alexi Lubomirski at their home in Santa Barbara, California, and features the Duke and Duchess having fun with their seven-month-old daughter and their two-year-old son Archie.
The message on the card reads: "This year, 2021, we welcomed our daughter, Lilibet, to the world. Archie made us a ‘Mama’ and a ‘Papa’, and Lili made us a family."
They added, "Wishing you a happy holiday season and a prosperous New Year, from our family to yours! As ever, Harry, Meghan, Archie & Lili."
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