The American Leather Chemists Association

Analysis

The American Leather Chemists Association is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in November 1951, 75 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, The American Leather Chemists Association reported income of $168k and spending of $156k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $170k to $168k (-1.3%), an average of -0.3% a year. The sharpest change came in the year to December 2023, when income rose by 126%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The American Leather Chemists Association sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within OH. Charities of a similar size with the same main cause include Mountain-Plains Museums Association of the American Assn of Museums ($168k), Amity Teen Center Inc ($168k) and Corcoran Community Christians for Emergency Aid ($168k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 69% of the total. Other salaries and wages came to $25k. At year end it held assets of $175k against liabilities of $33k, net assets of $143k. It reported 1 employees.