American Chemical Society

Analysis

American Chemical Society is a registered charity in United States, based in Blacksburg, VA. It received its IRS tax-exemption ruling in May 1946, 80 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 $638k and spending of $657k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $805k to $638k (-21%), an average of -5.7% a year. The sharpest change came in the year to December 2020, when income dropped by 46%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Chemical Society sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within VA. Charities of a similar size with the same main cause include Iqra Cultural Center Inc ($638k), Art of the Rural ($638k) and Wiscasset Waterville & Farmington Railway Museum ($638k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 53% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.