Society Of Chemical Manufacturers And Affiliates Inc
Chemical Manufacturers' Affiliate Consistently Operates at a Deficit While Maintaining Substantial Assets.
EIN: 132903885 · Arlington, VA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.5M |
| Total Expenses | $5.9M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $16.2M |
| Transparency Score | 65/100 |
Is Society Of Chemical Manufacturers And Affiliates Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Society Of Chemical Manufacturers And Affiliates Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Society Of Chemical Manufacturers And Affiliates Inc
Society Of Chemical Manufacturers And Affiliates Inc (EIN: 132903885) is a nonprofit organization based in Arlington, VA. The organization reported total revenue of $7.5M and total assets of $21.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Society Of Chemical Manufacturers And Affiliates Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Society Of Chemical Manufacturers And Affiliates Inc is a mid-size nonprofit that has been operating for 48 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.7M |
| Total Expenses | $5.9M |
| Surplus / Deficit | $-180,517 |
| Total Assets | $20.4M |
| Total Liabilities | $4.2M |
| Net Assets | $16.2M |
| Operating Margin | -3.1% |
| Debt-to-Asset Ratio | 20.6% |
| Months of Reserves | 41.4 months |
Financial Health Grade: B
In 2023, Society Of Chemical Manufacturers And Affiliates Inc reported a deficit of $181K with expenses exceeding revenue, holds 41.4 months of operating reserves (strong position), has a debt-to-asset ratio of 20.6% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Society Of Chemical Manufacturers And Affiliates Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.9% | +7.3% | +0.4% |
| 2022 | +13.5% | +13.2% | -8.5% |
| 2021 | +25.1% | +7.0% | +3.2% |
| 2020 | -24.4% | -10.7% | +7.9% |
| 2019 | -2.1% | -0.9% | +8.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1978 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Society Of Chemical Manufacturers And Affiliates Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Society Of Chemical Manufacturers And Affiliates Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $181K, with expenses exceeding revenue.
- Debt-to-asset ratio: 20.6%.
Executive Compensation Analysis
The reported 0% officer compensation across all available filings is highly unusual for an organization with annual expenses consistently exceeding $4 million, suggesting that executive compensation may be categorized differently or is genuinely absent, which would be a significant anomaly for an organization of this scale.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Society Of Chemical Manufacturers And Affiliates Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue in most reported years, e.g., $5,925,171 expenses vs. $5,744,654 revenue in 2023).
- Unusually reported 0% officer compensation for an organization of this size, which may indicate a lack of transparency in executive pay reporting.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering a full assessment of spending efficiency.
Strengths
The following positive indicators were identified for Society Of Chemical Manufacturers And Affiliates Inc:
- Strong and stable asset base, consistently over $20 million, providing financial resilience.
- Consistent filing of IRS Form 990s (14 filings), indicating good compliance with reporting requirements.
- Long operational history with consistent revenue streams, albeit often outpaced by expenses.
Frequently Asked Questions about Society Of Chemical Manufacturers And Affiliates Inc
Is Society Of Chemical Manufacturers And Affiliates Inc a legitimate charity?
Society Of Chemical Manufacturers And Affiliates Inc (EIN: 132903885) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 65/100. It has 14 years of IRS 990 filings on record. Total revenue: $7.5M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Society Of Chemical Manufacturers And Affiliates Inc spend its money?
Society Of Chemical Manufacturers And Affiliates Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Society Of Chemical Manufacturers And Affiliates Inc tax-deductible?
Society Of Chemical Manufacturers And Affiliates Inc is registered as a tax-exempt nonprofit (EIN: 132903885). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Society Of Chemical Manufacturers And Affiliates Inc CEO make?
Society Of Chemical Manufacturers And Affiliates Inc's highest-compensated officer earns $4 annually. The organization reported $7.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Society Of Chemical Manufacturers And Affiliates Inc's spending goes to programs?
Society Of Chemical Manufacturers And Affiliates Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Society Of Chemical Manufacturers And Affiliates Inc located?
Society Of Chemical Manufacturers And Affiliates Inc is headquartered in Arlington, Virginia and files with the IRS under EIN 132903885.
How many years of IRS 990 filings does Society Of Chemical Manufacturers And Affiliates Inc have?
Society Of Chemical Manufacturers And Affiliates Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $7.5M in total revenue.
How does SOCMA cover its consistent operational deficits?
SOCMA consistently reports expenses exceeding revenue (e.g., $5,925,171 expenses vs. $5,744,654 revenue in 2023). This suggests they are either drawing from their substantial asset base (which has been consistently over $20 million) or relying on other non-operating income sources not detailed in the provided summary.
What is the breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. This information is crucial for a comprehensive assessment of spending efficiency.
Why is officer compensation reported as 0%?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of SOCMA's size and operational scope. It warrants further investigation to understand if executive compensation is reported under a different category or if the organization genuinely operates without paid officers.
Is the organization's asset base growing or shrinking?
SOCMA's assets have fluctuated but remained robust. While they decreased from $22,239,444 in 2021 to $20,422,406 in 2023, they are still substantial and generally consistent with historical levels, such as $21,299,230 in 2017.
Filing History
IRS 990 filing history for Society Of Chemical Manufacturers And Affiliates Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Society Of Chemical Manufacturers And Affiliates Inc's revenue has grown by 36.7%, moving from $4.2M to $5.7M. Total assets decreased by 14.5% over the same period, from $23.9M to $20.4M. Total functional expenses rose by 6.8%, from $5.5M to $5.9M. In its most recent filing year (2023), Society Of Chemical Manufacturers And Affiliates Inc reported a deficit of $181K, with expenses exceeding revenue. The organization holds $4.2M in liabilities against $20.4M in assets (debt-to-asset ratio: 20.6%), resulting in net assets of $16.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.7M | $5.9M | $20.4M | $4.2M | — | — |
| 2022 | $4.8M | $5.5M | $20.3M | $5.1M | — | — |
| 2021 | $4.2M | $4.9M | $22.2M | $4.8M | — | View 990 |
| 2020 | $3.4M | $4.6M | $21.6M | $5.1M | — | View 990 |
| 2019 | $4.5M | $5.1M | $20.0M | $3.1M | — | — |
| 2018 | $4.6M | $5.1M | $18.5M | $2.9M | — | View 990 |
| 2017 | $5.3M | $5.5M | $21.3M | $3.2M | — | View 990 |
| 2016 | $5.6M | $5.6M | $19.9M | $3.2M | — | View 990 |
| 2015 | $5.1M | $5.8M | $20.0M | $3.6M | — | View 990 |
| 2014 | $5.6M | $6.3M | $22.0M | $3.6M | — | View 990 |
| 2013 | $6.3M | $6.2M | $23.0M | $3.4M | — | View 990 |
| 2012 | $5.1M | $6.0M | $22.4M | $3.7M | — | View 990 |
| 2011 | $5.3M | $6.3M | $21.4M | $3.1M | — | View 990 |
| 2010 | $4.2M | $5.5M | $23.9M | $2.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.7M, expenses of $5.9M, and assets of $20.4M (revenue +19.9% year-over-year).
- 2022: Revenue of $4.8M, expenses of $5.5M, and assets of $20.3M (revenue +13.5% year-over-year).
- 2021: Revenue of $4.2M, expenses of $4.9M, and assets of $22.2M (revenue +25.1% year-over-year).
- 2020: Revenue of $3.4M, expenses of $4.6M, and assets of $21.6M (revenue -24.4% year-over-year).
- 2019: Revenue of $4.5M, expenses of $5.1M, and assets of $20.0M (revenue -2.1% year-over-year).
- 2018: Revenue of $4.6M, expenses of $5.1M, and assets of $18.5M (revenue -13.8% year-over-year).
- 2017: Revenue of $5.3M, expenses of $5.5M, and assets of $21.3M (revenue -5.7% year-over-year).
- 2016: Revenue of $5.6M, expenses of $5.6M, and assets of $19.9M (revenue +10.1% year-over-year).
- 2015: Revenue of $5.1M, expenses of $5.8M, and assets of $20.0M (revenue -9.8% year-over-year).
- 2014: Revenue of $5.6M, expenses of $6.3M, and assets of $22.0M (revenue -10.6% year-over-year).
- 2013: Revenue of $6.3M, expenses of $6.2M, and assets of $23.0M (revenue +25.1% year-over-year).
- 2012: Revenue of $5.1M, expenses of $6.0M, and assets of $22.4M (revenue -4.4% year-over-year).
- 2011: Revenue of $5.3M, expenses of $6.3M, and assets of $21.4M (revenue +25.8% year-over-year).
- 2010: Revenue of $4.2M, expenses of $5.5M, and assets of $23.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Society Of Chemical Manufacturers And Affiliates Inc:
Data Sources and Methodology
This transparency report for Society Of Chemical Manufacturers And Affiliates Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.