American Chemical Society

Analysis

American Chemical Society is a registered charity in United States, based in Midland, MI. It received its IRS tax-exemption ruling in December 1926, 100 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 $84k and spending of $92k, spending 109% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $45k to $84k (+85%), an average of +36% a year. The sharpest change came in the year to December 2022, when income rose by 53%. Over the whole period it spent 108% 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 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within MI. Charities of a similar size with the same main cause include Clovis Meals on Wheels Inc ($84k), Girls Club of Phenix City Inc ($84k) and John Adams Parent and Faculty All- Stars Inc ($84k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $520k against liabilities of $0, net assets of $520k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.