Society of Cosmetic Chemists

Analysis

Society of Cosmetic Chemists is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 1986, 40 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, Society of Cosmetic Chemists reported income of $1.7m and spending of $1.3m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $660k to $1.7m (+165%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 1173%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Society of Cosmetic Chemists sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Freedom River Inc ($1.7m), Jan and Niles Davies Learning Center ($1.7m) and New England Aftercare Ministries Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.