American Chemical Society

Analysis

American Chemical Society is a registered charity in United States, based in Lisle, IL. It received its IRS tax-exemption ruling in May 1939, 87 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 $145k and spending of $127k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $165k to $145k (-12%), an average of -3.2% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Chemical Society sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 47th percentile within IL. Charities of a similar size with the same main cause include Island Community House Inc ($145k), Zero Point Harmonics ($145k) and Art on Sedgwick ($145k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% of the total. Other salaries and wages came to $32k. At year end it held assets of $2.1m against liabilities of $95k, net assets of $2.0m. It reported 1 employees.