American Chemical Society

Analysis

American Chemical Society is a registered charity in United States, based in W Lafayette, IN. 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 $123k and spending of $103k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $154k to $123k (-20%), an average of -5.4% a year. The sharpest change came in the year to December 2022, when income dropped by 54%. Over the whole period it spent 58% 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 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within IN. Charities of a similar size with the same main cause include PTA Texas Congress ($123k), Big Country Emmaus Community Inc ($123k) and Friends of the Community Learning Center Inc ($123k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.