American Chemical Society

Analysis

American Chemical Society is a registered charity in United States, based in Pittsboro, NC. 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 $66k and spending of $78k, spending 119% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $75k to $66k (-12%), an average of -12% a year. Over the whole period it spent 98% 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 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within NC. Charities of a similar size with the same main cause include Chocorua Public Library ($66k), San Marcos Gi Forum Edifice Corp ($66k) and Virginia Congress of Parents and Teachers ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 20% of the total. At year end it held assets of $348k against liabilities of $11k, net assets of $337k.