American Chemical Society

Analysis

American Chemical Society is a registered charity in United States, based in Ames, IA. 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 $171k and spending of $171k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $213k to $171k (-20%), an average of -10% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 77% 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 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within IA. Charities of a similar size with the same main cause include Mano a Mano Mexican Culture Without Borders ($171k), Cantabella Childrens Chorus ($171k) and Jackson Hole Technology Partnership ($171k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $416k against liabilities of $0, net assets of $416k.