The Duke and Duchess of Sussex's Archewell Foundation has been hit by a colossal dip in donations of nearly £10 million ($12.5 million).
Prince Harry, 39, and his 42-year-old wife Meghan Markle's charity has released its tax fillings for 2022, which shows only two donors gave it £795,210 ($996,350) each in the past year.
It's a huge drop in donations of £8.7 million ($10.9 million), as in 2021 the foundation received just over £10.3 million ($12.9 million) in donations from several donors.
Archewell said it wasn't out of the ordinary for foundations to receive a huge influx of funding in its first year to be used over a long period.
"It is most fiscally responsible not to continue to raise large sums of money with millions still in reserve," the foundation said in a statement. "In 2022, (we) focused on building out original programming that successfully launched in 2023. The Archewell Foundation is grateful for such a successful year and looks forward to continued growth in 2024."
Detailed financial documents also revealed the foundation recorded a loss of £536,357 ($672, 023) due to the shortfall in donations. Last year it landed a profit of more than £7.1 million ($8.9 million).
The tax report also showed the Sussexes only work for one hour a week, despite being the foundation's directors.
Accounts showed the total revenue for Archewell this year came to £1,594,437 ($1,997,733), which took into account donations and income from investments.
But expenses came to more — making up a total of £2.1 million ($2.6 million).
The Foundation employed five people in 2022, with salaries totalling £509,285 ($638,103) for the year.
Its executive director James Holt — who has been considered one of Harry's right-hand men since he left Britain with Meghan in their Megxit deal to step down as senior working royals — earned £180,835 ($226,575), which included a £15,904 ($19,926) bonus.