Society of Flavor Chemists Inc

Analysis

Society of Flavor Chemists Inc is a registered charity in United States, based in Neptune, NJ. It received its IRS tax-exemption ruling in November 1975, 51 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 June 2023, Society of Flavor Chemists Inc reported income of $104k and spending of $130k, spending 125% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $191k to $104k (-45%), an average of -18% a year. The sharpest change came in the year to June 2023, when income rose by 97%. Over the whole period it spent 123% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Society of Flavor Chemists Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 46th percentile within NJ. Charities of a similar size with the same main cause include Troutdale Historical Society ($104k), PTA California Congress of Parents Teachers & Students Inc ($104k) and Doyle Bowen Memorial Park Inc ($104k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. At year end it held assets of $43k against liabilities of $0, net assets of $43k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.