*Why Not Ratable?CharityWatch is currently unable to rate this organization. This does not imply a negative or positive evaluation. Please see the Analysts' Notes section for a more detailed explanation. |
CharityWatch is unable to provide a range of Top Three Salaries for this charity for the above fiscal reporting year because we lack complete salary data for the organization. Except for officers, directors, and trustees, the IRS does not require breakouts of salaries totaling less than $100,000.
For example, XYZ charity would be required to provide a breakout in its tax form of compensation to its president of $55,000, but would not be required to provide a breakout of $99,000 in compensation to its top medical researcher if that person is not also an officer, director, or trustee of the organization.
This charity reports that compensation to its officers, directors, and trustees is under $100,000 per individual. Donors who would like to view limited salary data for this organization should refer to its tax form, which may be available on the charity's web site or from a number of third-party sources. See CharityWatch's Links page for information on obtaining copies of charity tax forms.
CharityWatch is unable to provide a letter grade rating of Against Malaria Foundation due to how the organization is structured. The Against Malaria Foundation (AMF) is a worldwide operation headquartered in the United Kingdom (UK). AMF consists of the UK-based foundation and 12 "sister foundations" that include a United States branch (AMF-US), as well as foundations established in Australia, Belgium, Canada, France, Germany, Ireland, Italy, The Netherlands, New Zealand, South Africa, South Korea, and Switzerland. Each of the sister foundations has its own governing board. AMF's financial statements for the fiscal year ended June 30, 2024 are audited on a global consolidated basis and include the financial activities of the UK foundation, AMF-US, and the sister foundations. The audited financial statements are based on International Standards on Auditing (UK) (ISAs (UK)). AMF's audited financial statements based on ISAs (UK) are not comparable to those of United States-based organizations, whose audited financial statements are based on U.S. Generally Accepted Accounting Principles (U.S. GAAP). AMF-US (tax ID #20-3069841) has an IRS Form 990 tax filing for the fiscal year ended June 30, 2024 in which it reports total contributions of $62,286,888 and total expenses of $62,239,002. All of the total expenses are reported as program-related "Payments to affiliates." AMF-US further describes its fiscal 2024 total expenses as follows: "Grants may be approved by the AMF (US) Board to AMF (UK) in pursuance of AMF (US)'s objectives. Expenses: $0 ...Grants: $62,239,002 ...Revenue: $0." (IRS Form 990, Schedule O re: Part III, Statement of Program Service Accomplishments - line 4e, Total program service expenses).
CharityWatch's inability to provide ratings for AMF-US or AMF is strictly due to the reasons described above and not due to an unwillingness on the part of the charities' to provide information or answer our questions. In order for CharityWatch to be able to rate AMF in the future, we would require consolidated or combined audited financial statements, expressed in U.S. dollars and based on U.S. GAAP reporting standards, including an audited Statement of Functional Expenses. Such statements would eliminate interorganizational transactions, as well as provide a comprehensive view of how the organization both raises and spends public dollars, on the whole, that is comparable to the other charities rated by CharityWatch. This information may not currently be practicable for AMF to provide given its organizational structure and because it is headquartered in the United Kingdom. Visit our Resources for Donors page for information about GiveWell, a charity rating organization (unrelated to CharityWatch) that specializes in impact evaluations and has published detailed reports on Against Malaria Foundation. |