American Chemical Society

Analysis

American Chemical Society is a registered charity in United States, based in Nashville, TN. 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 $96k and spending of $112k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $122k to $96k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 91% 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 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within TN. Charities of a similar size with the same main cause include 142 Ludlow Street Housing Development Fund Company Inc ($96k), Calvary Education Broadcasting Network ($96k) and Virginia Congress of Parents and Teachers ($96k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 26% of the total. At year end it held assets of $287k against liabilities of $0, net assets of $287k.