American Chemical Society

Analysis

American Chemical Society is a registered charity in United States, based in Troy, MI. 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 $82k and spending of $51k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $101k to $82k (-19%), an average of -5.2% a year. The sharpest change came in the year to December 2021, when income rose by 103%. Over the whole period it spent 28% 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 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within MI. Charities of a similar size with the same main cause include Dormont Athletic Boosters Association Inc ($82k), The General William C Lee Memorial Commission Inc ($82k) and Kings Musician Inc ($82k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 2.9% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.