American Chemical Society

Analysis

American Chemical Society is a registered charity in United States, based in Midland, 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 $278k and spending of $269k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $316k to $278k (-12%), an average of -3.2% a year. The sharpest change came in the year to December 2022, when income dropped by 33%. Over the whole period it spent 80% 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 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within MI. Charities of a similar size with the same main cause include Xceptional Communications Inc ($278k), Arkansas Culture and Dialog Center ($278k) and Arts & Education Continuum Inc ($278k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 42% of the total. At year end it held assets of $685k against liabilities of $0, net assets of $685k.