American Chemical Society

Analysis

American Chemical Society is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in May 1946, 80 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 $237k and spending of $49k, leaving 79% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $133k to $237k (+79%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 372%. Over the whole period it spent 29% 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 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include Heuvelton Development Corporation ($237k), Tupelo Aquatic Club Inc ($237k) and Transportation Riders United Inc ($237k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 1.2% of the total. At year end it held assets of $596k against liabilities of $0, net assets of $596k.