The American Society for Neurochemistry

Analysis

The American Society for Neurochemistry is a registered charity in United States, based in Newton Highlands, MA. It received its IRS tax-exemption ruling in February 1970, 56 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, The American Society for Neurochemistry reported income of $356k and spending of $335k, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $193k to $356k (+85%), an average of +23% a year. The sharpest change came in the year to June 2022, when income rose by 189%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The American Society for Neurochemistry sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within MA. Charities of a similar size with the same main cause include Slidell Youth Soccer Club Inc ($356k), Habitat for Humanity International Inc ($356k) and Feel the Power Impact Ministries ($356k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.4% and program service revenue 86% of the total. At year end it held assets of $639k against liabilities of $4,823, net assets of $635k.