Foundation for Chemistry Research and Initiatives

Analysis

Foundation for Chemistry Research and Initiatives is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. The IRS classifies it as a governmental unit under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Foundation for Chemistry Research and Initiatives reported income of $741k and spending of $2.0m, spending 266% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.5m to $741k (-79%), an average of -32% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Foundation for Chemistry Research and Initiatives sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 50th percentile within DC. Charities of a similar size with the same main cause include Georgia Ensemble Theatre Company ($741k), Tullahoma South Jackson Civic Association Inc ($741k) and Rhinebeck Performing Arts Inc ($741k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $3.2m against liabilities of $291k, net assets of $2.9m.