American Chemical Society

Analysis

American Chemical Society is a registered charity in United States, based in Westfield, NJ. 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 $128k and spending of $227k, spending 177% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $446k to $128k (-71%), an average of -27% a year. The sharpest change came in the year to December 2021, when income rose by 538%. Over the whole period it spent 76% 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 43rd percentile, and in the 51st percentile within NJ. Charities of a similar size with the same main cause include Gatehouse Society Inc ($128k), Chillicothe Youth Soccer League Inc ($128k) and Utica Volunteer Fire Department ($128k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 178% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.