DIABETES RESEARCH INSTITUTE FOUNDATION INC
Mission Statement
The Diabetes Research Institute Foundation (DRIF) is the organization of choice for those who are serious, passionate, and committed to curing diabetes. Its mission - to provide the Diabetes Research Institute with the funding necessary to cure diabetes now - is a testament to the belief that tomorrow is not soon enough to cure those living with diabetes. The Diabetes Research Institute has become the world leader it is today through the substantial funding provided by the DRI Foundation. Supported by private philanthropy, the DRIF ensures the jumpstarting of new ideas and the continuation of innovative research projects that remain cure-focused and will ultimately benefit those with diabetes.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
59.8% | 82.7% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
17.9% | 13.5% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
22.3% | 0.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
51.4% | 639.6% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
28.4 mo | 12.6 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
2.8% | 29.0% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
45.8% | 91.9% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
-37.9% | 7.4% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-3.2% | 10.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-62.1% | -2.4% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $7.1M | $11.6M | $27.4M | 59.8% | 33 |
| 2022 | $11.5M | $11.9M | $30.9M | 61.4% | 34 |
| 2021 | $13.9M | $13.7M | N/A | — | 34 |
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