AMERICAN CHEMICAL SOCIETY
Mission Statement
From promoting global health and sustainability to energy and competitiveness, public policy decisions have a tremendous influence on chemists in industry, yet these considerations are rarely discussed in chemistry education.?? Graduate students in the Chemistry Department at MIT are interested in learning about policy challenges in the chemistry field. We are coordinating a one-day symposium at the American Chemical Society National Meeting featuring experienced leaders in chemistry-related science policy. The event will challenge young researchers, chemical professionals and policy practitioners alike to tackle important issues in health, education, energy, and sustainability. We will provide a setting where chemists from across the country can discuss new ideas for scientific involvement in policy issues.??
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
59.4% | 81.7% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
40.6% | 14.6% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
73.2 mo | 11.1 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
1.2% | 16.3% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
62.5% | 90.5% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
5.8% | 12.5% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-22.3% | 13.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
20.7% | 0.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $1.5M | $1.2M | $7.3M | 59.4% | 4 |
| 2022 | $1.4M | $1.5M | $6.6M | 68.9% | 4 |
| 2021 | $1.9M | $1.4M | N/A | — | 3 |
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