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. 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, American Chemical Society reported income of $711.0m and spending of $688.3m, spending 97% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $671.1m to $711.0m (+6.0%), an average of +1.9% a year. The sharpest change came in the year to December 2022, when income dropped by 16%. Over the whole period it spent 82% 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 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within DC. Charities of a similar size with the same main cause include Fermi Research Alliance LLC ($658.7m), The Metropolitan Museum of Art ($761.5m) and Future of Life Institute ($549.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 0.8% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $5.6m (0.8% of expenses). Other salaries and wages came to $216.6m. At year end it held assets of $1.72bn against liabilities of $355.2m, net assets of $1.36bn. It reported 2,117 employees.