Society of Cosmetic Chemists

Analysis

Society of Cosmetic Chemists is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1986, 40 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 2022, Society of Cosmetic Chemists reported income of $2.0m and spending of $2.0m, spending 100% of its income. Across the 5 years on record, from December 2018 to December 2022, income grew from $744k to $2.0m (+166%), an average of +28% a year. The sharpest change came in the year to December 2019, when income rose by 125%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Society of Cosmetic Chemists sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Park City Performing Arts Foundation ($2.0m), Beverly Art Center ($2.0m) and Tada Theatre and Dance Alliance Inc ($2.0m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 13% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $162k (8.2% of expenses). Other salaries and wages came to $312k. At year end it held assets of $1.6m against liabilities of $922k, net assets of $724k. It reported 9 employees.