American Chemical Society

Analysis

American Chemical Society is a registered charity in United States, based in Washington, DC. 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 $136k and spending of $81k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $129k to $136k (+4.7%), an average of +1.2% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 42% 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 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 24th percentile within DC. Charities of a similar size with the same main cause include Road Runners Club of America ($136k), Little League Baseball Inc ($136k) and A M H Resources Corp ($136k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 12% of the total. At year end it held assets of $934k against liabilities of $0, net assets of $934k.