American Chemical Society

Analysis

American Chemical Society is a registered charity in United States, based in University HT, OH. It received its IRS tax-exemption ruling in May 1967, 59 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 $30k, leaving 69% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $159k to $96k (-40%), an average of -12% a year. The sharpest change came in the year to December 2023, when income rose by 320%. Over the whole period it spent 35% 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 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within OH. Charities of a similar size with the same main cause include Literacy Council of Macon County ($96k), Little League Baseball Inc ($96k) and Douglas Health Care Foundation ($96k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.6% and program service revenue 11% of the total. At year end it held assets of $865k against liabilities of $0, net assets of $865k.