American Chemical Society

Analysis

American Chemical Society is a registered charity in United States, based in Canonsburg, PA. 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 $55k and spending of $63k, spending 115% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $61k to $55k (-10%), an average of -5.3% a year. The sharpest change came in the year to December 2022, when income dropped by 24%. Over the whole period it spent 65% 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 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 20th percentile within PA. Charities of a similar size with the same main cause include American Chemical Society ($55k), Berlin Free Town Library ($55k) and Illinois Congress of Parents Teachers ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 7.9% and program service revenue 18% of the total. At year end it held assets of $499k against liabilities of $0, net assets of $499k.