Financial Information

amfAR is a New York State not-for-profit corporation and is exempt from federal income tax under section 501(c)(3) of the U.S. Internal Revenue Code. Click here for a copy of amfAR's IRS determination letter.

amfAR’s accomplishments are made possible by the generous support of corporations, foundations, and, above all, individuals.

With public support and revenue rising to $26.44 million in FY10, 14 percent above FY09, the Foundation has been able to move forward with long-range plans to expand its research commitments. amfAR’s operational efficiency and its effective use of donor contributions during 2010 are illustrated by two key figures. The supporting services ratio—the ratio of fundraising and management expenses to total support and revenue—was a low 23.6 percent, while the program spending ratio was a healthy 74.1 percent—meaning that 74 cents out of every dollar spent was invested directly in critical program activities.

As in the past, amfAR continues to meet the stringent standards of governance and financial accountability required by the Wise Giving Alliance of the Better Business Bureau, as well as the fiscal requirements for participation in the Combined Federal Campaign and many state employee workplace giving campaigns.

Below you will find links to amfAR’s 2010 audited financial statements, Annual Reports, and IRS Form 990 filing for the past three years. For a useful guide to understanding the Form 990, click here.

For more information regarding amfAR’s financial statements, contact Edward Donnelly, Controller, at edward.donnelly@amfar.org.