American Chemical Society

Analysis

American Chemical Society is a registered charity in United States, based in Chesapeake, OH. It received its IRS tax-exemption ruling in March 1967, 59 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, American Chemical Society reported income of $146k and spending of $176k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $148k to $146k (-1.8%), an average of -0.4% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Chemical Society sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 47th percentile within OH. Charities of a similar size with the same main cause include Lions Foundation of Victoria ($145k), Miracles of Grace Foundation Inc ($146k) and Ridgewood Soccer Association a New Jersey Non Profit Corporation ($145k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.