American Chemical Society

Analysis

American Chemical Society is a registered charity in United States, based in Jamaica, NY. It received its IRS tax-exemption ruling in May 1945, 81 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 $411k and spending of $388k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $603k to $411k (-32%), an average of -9.1% a year. The sharpest change came in the year to December 2023, when income rose by 488%. Over the whole period it spent 127% 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 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Friends of the Apostle Islands National Lakeshore Inc ($411k), Quad-City Music Guild ($411k) and Silicon Valley Jewish Film Festival ($411k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% of the total. At year end it held assets of $931k against liabilities of $1, net assets of $931k.