Chemists Club

Analysis

Chemists Club is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1964, 62 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 March 2023, Chemists Club reported income of $115k and spending of $89k, leaving 23% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income fell from $202k to $115k (-43%), an average of -13% a year. The sharpest change came in the year to March 2022, when income rose by 109%. Over the whole period it spent 131% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chemists Club sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within NY. Charities of a similar size with the same main cause include Modesto Rotary Club Foundation ($115k), PTA Arkansas Congress ($115k) and Custer County Senior Citizens Club ($115k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 0.5% and program service revenue 96% of the total. At year end it held assets of $46k against liabilities of $0, net assets of $46k.