American Chemical Society

Analysis

American Chemical Society is a registered charity in United States, based in Loveland, CO. It received its IRS tax-exemption ruling in May 1946, 80 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 $1.5m and spending of $1.2m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $1.5m (-28%), an average of -7.9% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 95% 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 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within CO. Charities of a similar size with the same main cause include Senate Presidents Forum ($1.5m), Foundation for Healthy Relationships ($1.5m) and Truro Center for the Arts at Castle Hill Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.7% and program service revenue 19% of the total. Other salaries and wages came to $245k. At year end it held assets of $7.3m against liabilities of $86k, net assets of $7.3m. It reported 4 employees.