Meghan Markle, co-founder of the Archuel Foundation with Prince Harry, is facing accusations of working only two days a year and posting a fake tax report.

It is alleged that she stashed away undisclosed funds in the philanthropic organization.

Recent reports suggested that the foundation was experiencing financial difficulties, citing a significant decline in revenue from 2021 to 2022.

However, these reports lack essential context.

Sources with direct knowledge have informed TMZ that the recent report, which claimed the Archuel Foundation was strapped for cash, is misleading.

They argue that the organization’s financial health cannot be solely assessed through profit and loss metrics.

Contrary to the negative portrayal in the media, the Archuel Foundation remains financially sound, much like when it was initially launched in 2020, ending the year with over $8 million in its coffers.

The report highlighted a decrease in donations between 2021 and 2022, dropping from $13 million in 2021 to around $2 million in 2022.

Additionally, the foundation acknowledged a technical loss of approximately $674,000 due to expenses surpassing revenue in the past year.

However, it’s important to note that a decrease in donations after the first year of a charitable organization’s debut is not uncommon, as the initial year usually sees the strongest influx of donations.

To mitigate this decline, the Archuel Foundation had the foresight to store a substantial amount of cash received between 2020 and 2021.

Now, they are strategically allocating these funds based on long-term goals.

While donations have indeed declined, the Archuel Foundation remains active in the philanthropy sector.

However, they are under pressure to find new ways to generate donations and revenue, despite operating within the 501c3 framework.

In summary, the Archuel Foundation is financially stable and still has substantial funds at its disposal.

However, there is a need for transparency regarding the use of these funds.

Questions arise about why the foundation didn’t donate the entire $8 million instead of the roughly $1 million donated in the past year.

Additionally, there seems to be a missing million dollars according to the 2021 financial report.

The operating expenses for the past year exceeded donations, requiring the use of some reserve funds.

Furthermore, concerns have been raised about the level of involvement of Meghan Markle and Prince Harry at the Archuel Foundation.

Official documents indicate that they work only an hour a week, while other key personnel, such as Executive Director James Holt and Strategic Advisor Michael Dale Stein, put in 40 hours a week.

Treasurer Schaunep, who serves on the board, also contributes significant hours.