American Chemical Society

Analysis

American Chemical Society is a registered charity in United States, based in Arlington, MA. It received its IRS tax-exemption ruling in March 1955, 71 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) 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 $396k and spending of $465k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $800k to $396k (-50%), an average of -16% a year. The sharpest change came in the year to December 2023, when income rose by 80%. 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 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within MA. Charities of a similar size with the same main cause include Tucson Community Development & Design Center Inc ($396k), Marion Library Association ($396k) and Mustang Hockey Association ($396k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. At year end it held assets of $871k against liabilities of $0, net assets of $871k.