The Aaron Diamond AIDS Research Center (ADARC) is a not-for-profit corporation and is exempt from federal income tax under section 501(c) (3) of the U.S. Internal Revenue Code.
The Finance Office of the Center is dedicated to providing the highest quality support to the Center’s faculty, and scientific staff while also fulfilling its fiduciary responsibility of protecting the long-term interests of the Center and operating at the highest levels of professionalism and integrity.
The Center also tries to maintain high efficiency in ensuring that as much funding as possible is directed to program—related expenses. In 2011 the Center’s expenses totaled $16.2 million (not including depreciation). Program expenses were almost 83 percent of these expenses, meaning that 83 cents of every dollar went directly to AIDS research. Also, ADARC maintains a very low fundraising ratio of under 1 percent of total expenses. Over the past seven years, ADARC has received a four star rating (highest rating) from Charity Navigator.
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CHARITY NAVIGATOR Your Guide To Intelligent Giving ADARC has been awarded its 7th consecutive 4-star rating by Charity Navigator, an independent organization that evaluates the fiscal management of America's largest charities. Only 2% of charities achieve such a designation. |
This illustrates management’s continuing concerted effort to keeping the administrative costs necessary for running the center to a minimum.
Click on the buttons below to download ADARC's financial statements and most recent IRS form 990.
- 2009 Audited Financial Statements [download]
- 2010 Audited Financial Statements [download]
- 2011 Audited Financial Statements [download]
- 2009 IRS form 990 (FY 2010) [download]
- 2011 A-133 Report [download]