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.
Public support and revenue increased by 4.1 percent over the previous year, to $28.3 million. Due mainly to an increase of $1.2 million in research spending, however, amfAR ended the year with a modest operating deficit of $687,981. amfAR’s operational efficiency during 2012 is illustrated by a low supporting services
ratio—the ratio of fundraising and management expenses to total support and revenue—of 24.7 percent. And of every dollar spent, 75.9 percent was invested directly in critical program activities, demonstrating effective use of donor contributions.
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 2012 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 firstname.lastname@example.org.