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 $810k and spending of $683k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $610k to $810k (+33%), an average of +7.3% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 75% 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 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MI. Charities of a similar size with the same main cause include Maine Discovery Museum ($809k), Immersion for Spanish Language Acquisition ($810k) and Ke Kula Nui O Waimanalo ($809k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 15% of the total. At year end it held assets of $3.4m against liabilities of $126, net assets of $3.4m.