American Chemical Society

Analysis

American Chemical Society is a registered charity in United States, based in Lawrence, KS. 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 $66k and spending of $101k, spending 154% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $83k to $66k (-20%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 124% 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 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 23rd percentile within KS. Charities of a similar size with the same main cause include Grand Strand Community Law Enforcement Committee ($66k), Bill Bozeman Evangelistic Association Inc ($66k) and Five Towns Senior Center Inc ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $245k against liabilities of $0, net assets of $245k.