American Chemical Society

Analysis

American Chemical Society is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in May 1946, 80 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, American Chemical Society reported income of $484k and spending of $438k, spending 91% of its income. Across the 5 years on record, from December 2018 to December 2023, income grew from $372k to $484k (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2019, when income rose by 41%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Chemical Society sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within NE. Charities of a similar size with the same main cause include Eastern Analytical Symposium Inc ($484k), Ford K Sayre Memorial Ski Council ($484k) and Laurel-Jones County Council-On-Aging Inc ($484k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 19% of the total. At year end it held assets of $3.3m against liabilities of $18k, net assets of $3.3m.