American Chemical Society

Analysis

American Chemical Society is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in May 1946, 80 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 December 2023, American Chemical Society reported income of $407k and spending of $489k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $628k to $407k (-35%), an average of -10% a year. The sharpest change came in the year to December 2022, when income dropped by 18%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Chemical Society sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Akarama Foundation Inc ($407k), Cyt Colorado Springs ($407k) and Hockey and Rink Protection Inc ($407k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% of the total. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m.