Electrochemical Society Inc

Analysis

Electrochemical Society Inc is a registered charity in United States, based in Pennington, NJ. It received its IRS tax-exemption ruling in December 1950, 76 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, Electrochemical Society Inc reported income of $7.3m and spending of $7.9m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $9.5m to $7.3m (-23%), an average of -6.3% a year. The sharpest change came in the year to December 2021, when income rose by 123%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Electrochemical Society Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NJ. Charities of a similar size with the same main cause include The Brooklyn Queens Conservatory of Music ($7.3m), Arts Midwest ($7.3m) and Sr1 ($7.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10.0% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $761k (9.7% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $22.0m against liabilities of $2.1m, net assets of $19.9m. It reported 22 employees.