Society of Cosmetic Chemists

Analysis

Society of Cosmetic Chemists is a registered charity in United States, based in Weston, FL. It received its IRS tax-exemption ruling in April 1986, 40 years ago. 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, Society of Cosmetic Chemists reported income of $603k and spending of $577k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $430k to $603k (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2021, when income rose by 1606%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Society of Cosmetic Chemists sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include National Church Residences of ($603k), Chippewa Youth Hockey Association Inc ($603k) and Atlanta Recovery Center Inc ($603k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 2.2% of the total. At year end it held assets of $529k against liabilities of $0, net assets of $529k.