American Chemical Society

Analysis

American Chemical Society is a registered charity in United States, based in Ann Arbor, MI. 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 $117k and spending of $288k, spending 246% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $113k to $117k (+3.3%), an average of +0.8% a year. The sharpest change came in the year to December 2021, when income rose by 99%. Over the whole period it spent 99% 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 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within MI. Charities of a similar size with the same main cause include Waterville Preservation Society ($117k), Phoenix Theatre ($117k) and Robert Craig Films Foundation ($117k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 30% of the total. At year end it held assets of $538k against liabilities of $0, net assets of $538k.