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 2013 the Center’s expenses totaled $15.6 million (not including depreciation). Program expenses were almost 82 percent of these expenses, meaning that 82 cents of every dollar went directly to AIDS research. Also, ADARC maintains a very low fundraising ratio of under 1 percent of total expenses.
Click on the buttons below to download ADARC's financial statements and most recent IRS form 990.
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