American Chemical Society

Analysis

American Chemical Society is a registered charity in United States, based in Montchanin, DE. It received its IRS tax-exemption ruling in March 1955, 71 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 $55k and spending of $56k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $64k to $55k (-15%), an average of -15% a year. The sharpest change came in the year to December 2023, when income dropped by 15%. Over the whole period it spent 79% 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 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 20th percentile within DE. Charities of a similar size with the same main cause include Illinois Congress of Parents Teachers ($55k), American Chemical Society ($55k) and Arapahoe County Foundation Inc ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 21% of the total. At year end it held assets of $419k against liabilities of $0, net assets of $419k.