Society of Cosmetic Chemists

Analysis

Society of Cosmetic Chemists is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 1986, 40 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, Society of Cosmetic Chemists reported income of $170k and spending of $99k, leaving 42% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $109k to $170k (+56%), an average of +56% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 117% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Society of Cosmetic Chemists sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within IL. Charities of a similar size with the same main cause include Georgia Council for Social Sciences ($170k), Tampa Repertory Theatre ($170k) and Woody Guthrie Coalition Inc ($169k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 7.9% and program service revenue 78% of the total. At year end it held assets of $317k against liabilities of $0, net assets of $317k.