The Foundation for AIDS Research

Analysis

The Foundation for AIDS Research is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1983, 43 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, The Foundation for AIDS Research reported income of $29.1m and spending of $33.9m, spending 117% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $31.3m to $29.1m (-7.2%), an average of -1.9% a year. The sharpest change came in the year to September 2022, when income rose by 34%. Over the whole period it spent 112% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Foundation for AIDS Research sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include New Horizons of the Treasure Coast Inc ($29.0m), Coastal Family Health Center Inc ($29.1m) and Partners in Care Foundation Inc ($29.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 145% of the total. Compensation of current officers, directors and key employees was $3.0m (8.7% of expenses). Other salaries and wages came to $5.8m. It paid $526k in professional fundraising fees. At year end it held assets of $50.7m against liabilities of $18.3m, net assets of $32.4m. It reported 79 employees.