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.
Although the effects of the global economic downturn persisted throughout 2011, amfAR’s prudent financial management and the success of its fundraising efforts meant that the organization was able to end the year with a modest operating surplus of $874,319. Thanks in large part to the stellar performance of the Foundation’s benefit events, public support and revenue rose to $27.2 million, 3.5 percent above FY10. amfAR’s operational efficiency during 2011 is illustrated by a low supporting services ratio—the ratio of fundraising and management expenses to total support and revenue—of 23.7 percent. And of every dollar spent, 75.5 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 2011 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.