American Chemical Society

Analysis

American Chemical Society is a registered charity in United States, based in University Park, PA. 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 $272k and spending of $339k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $263k to $272k (+3.3%), an average of +0.8% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 88% 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 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within PA. Charities of a similar size with the same main cause include Live the Spirit Residency ($272k), Lubovitch Dance Foundation Inc ($272k) and Showability Inc ($272k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $2.9m against liabilities of $0, net assets of $2.9m.