Society Of Cosmetic Chemists
Society of Cosmetic Chemists maintains stable assets with fluctuating revenue and no reported officer compensation.
EIN: 131976655 · New York, NY · NTEE: U030 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $2.0M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $724K |
| Transparency Score | 85/100 |
Is Society Of Cosmetic Chemists Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Society Of Cosmetic Chemists directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Society Of Cosmetic Chemists
Society Of Cosmetic Chemists (EIN: 131976655) is a nonprofit organization based in New York, NY, classified under NTEE code U030. The organization reported total revenue of $2.6M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Society Of Cosmetic Chemists's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Society Of Cosmetic Chemists is a mid-size nonprofit that has been operating for 40 years, with 10 years of IRS 990 filings on record (2014–2022). Revenue has grown at a compound annual rate of 3.8%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $2.0M |
| Surplus / Deficit | +$8K |
| Total Assets | $1.6M |
| Total Liabilities | $922K |
| Net Assets | $724K |
| Operating Margin | 0.4% |
| Debt-to-Asset Ratio | 56.0% |
| Months of Reserves | 10.0 months |
Financial Health Grade: A
In 2022, Society Of Cosmetic Chemists reported a surplus of $8K with revenue exceeding expenses, holds 10.0 months of operating reserves (strong position), has a debt-to-asset ratio of 56.0% (high leverage).
Financial Trends
Over 10 years of filings (2014–2022), Society Of Cosmetic Chemists's revenue has grown at a compound annual growth rate (CAGR) of 3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +8.0% | -0.1% | -19.2% |
| 2021 | +66.9% | +76.4% | +1.9% |
| 2020 | -34.4% | -41.4% | +2.2% |
| 2019 | +124.8% | +74.3% | -6.6% |
| 2018 | -51.6% | -34.8% | +2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2800 |
| IRS Ruling Date | 1986 |
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 Cosmetic Chemists with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Society Of Cosmetic Chemists allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $8K, with revenue exceeding expenses.
- Debt-to-asset ratio: 56.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of this size with annual revenues often exceeding $1 million.
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 Cosmetic Chemists's IRS 990 filings:
- Expenses frequently exceed revenue, potentially indicating reliance on prior reserves or other funding sources not immediately apparent.
- Lack of detailed expense breakdown in public filings makes it difficult to precisely assess program vs. administrative spending efficiency.
Strengths
The following positive indicators were identified for Society Of Cosmetic Chemists:
- Consistent reporting of 0% officer compensation, indicating strong commitment to mission over executive pay.
- Stable asset base, consistently above $1.6 million, providing financial resilience.
- Long filing history (10 filings) demonstrates consistent compliance and transparency in reporting to the IRS.
Frequently Asked Questions about Society Of Cosmetic Chemists
Is Society Of Cosmetic Chemists a legitimate charity?
Society Of Cosmetic Chemists (EIN: 131976655) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $2.6M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Society Of Cosmetic Chemists spend its money?
Society Of Cosmetic Chemists directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Society Of Cosmetic Chemists tax-deductible?
Society Of Cosmetic Chemists is registered as a tax-exempt nonprofit (EIN: 131976655). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Society Of Cosmetic Chemists CEO make?
Society Of Cosmetic Chemists's highest-compensated officer earns $1 annually. The organization reported $2.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Society Of Cosmetic Chemists's spending goes to programs?
Society Of Cosmetic Chemists directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Society Of Cosmetic Chemists compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Society Of Cosmetic Chemists is above average for NTEE category U030 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Society Of Cosmetic Chemists located?
Society Of Cosmetic Chemists is headquartered in New York, New York and files with the IRS under EIN 131976655. It is classified under NTEE code U030.
How many years of IRS 990 filings does Society Of Cosmetic Chemists have?
Society Of Cosmetic Chemists has 10 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 $2.6M in total revenue.
Is the Society Of Cosmetic Chemists financially stable?
Yes, the organization appears financially stable, consistently maintaining assets above $1.6 million, reaching $2,106,013 in the latest period, despite fluctuations in annual revenue and expenses often closely matching or slightly exceeding revenue.
How does the organization manage its expenses relative to revenue?
The organization generally spends close to its revenue, with expenses sometimes slightly exceeding revenue, as seen in 2021 ($1,972,205 expenses vs. $1,831,767 revenue) and 2020 ($1,117,721 expenses vs. $1,097,417 revenue), suggesting a focus on utilizing funds for current operations rather than accumulating large surpluses.
What is the trend in the organization's assets?
Assets have generally remained stable over the past decade, fluctuating between approximately $1.6 million and $3.5 million, with the latest reported assets at $2,106,013, indicating consistent financial backing.
Why is officer compensation reported as 0%?
The filings consistently report 0% officer compensation, which means that no officers received salaries or other compensation directly from the organization as reported on the IRS Form 990. This could imply that officers are volunteers or compensated through other means not reported in this section.
Filing History
IRS 990 filing history for Society Of Cosmetic Chemists showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2022), Society Of Cosmetic Chemists's revenue has grown by 34.4%, moving from $1.5M to $2.0M. Total assets decreased by 22.3% over the same period, from $2.1M to $1.6M. Total functional expenses rose by 15.8%, from $1.7M to $2.0M. In its most recent filing year (2022), Society Of Cosmetic Chemists reported a surplus of $8K, with revenue exceeding expenses. The organization holds $922K in liabilities against $1.6M in assets (debt-to-asset ratio: 56.0%), resulting in net assets of $724K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $2.0M | $2.0M | $1.6M | $922K | — | View 990 |
| 2021 | $1.8M | $2.0M | $2.0M | $1.1M | — | View 990 |
| 2020 | $1.1M | $1.1M | $2.0M | $946K | — | View 990 |
| 2019 | $1.7M | $1.9M | $2.0M | $887K | — | View 990 |
| 2018 | $744K | $1.1M | $2.1M | $952K | — | View 990 |
| 2018 | $1.5M | $1.7M | $2.1M | $438K | — | View 990 |
| 2017 | $3.9M | $3.3M | $2.0M | $301K | — | View 990 |
| 2016 | $1.3M | $1.7M | $3.6M | $2.5M | — | View 990 |
| 2015 | $1.4M | $1.6M | $1.8M | $315K | — | View 990 |
| 2014 | $1.5M | $1.7M | $2.1M | $236K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $2.0M, expenses of $2.0M, and assets of $1.6M (revenue +8.0% year-over-year).
- 2021: Revenue of $1.8M, expenses of $2.0M, and assets of $2.0M (revenue +66.9% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.1M, and assets of $2.0M (revenue -34.4% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.9M, and assets of $2.0M (revenue +124.8% year-over-year).
- 2018: Revenue of $744K, expenses of $1.1M, and assets of $2.1M (revenue -51.6% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.7M, and assets of $2.1M (revenue -61.0% year-over-year).
- 2017: Revenue of $3.9M, expenses of $3.3M, and assets of $2.0M (revenue +208.0% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.7M, and assets of $3.6M (revenue -8.5% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.6M, and assets of $1.8M (revenue -4.8% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.7M, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Society Of Cosmetic Chemists:
Data Sources and Methodology
This transparency report for Society Of Cosmetic Chemists 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.