American Chemical Society

Analysis

American Chemical Society is a registered charity in United States, based in Canton, MI. It received its IRS tax-exemption ruling in May 1966, 60 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) 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 $131k and spending of $146k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $184k to $131k (-29%), an average of -8.2% a year. The sharpest change came in the year to December 2021, when income rose by 42%. 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 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within MI. Charities of a similar size with the same main cause include Mildred H Rosa Charitable Trust ($131k), Bethesda Pre School Inc ($131k) and Gratiot County Players Inc ($131k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% of the total. At year end it held assets of $1.4m against liabilities of $5,419, net assets of $1.4m.