BSA Foundation

Analysis

BSA Foundation is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in August 1971, 55 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, BSA Foundation reported income of $733k and spending of $1.2m, spending 163% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $733k (-32%), an average of -9.2% a year. The sharpest change came in the year to December 2023, when income dropped by 49%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, BSA Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include Haven Academy of the Arts ($733k), Fredericksburg Theater Company ($733k) and Potato Museum Inc ($732k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $153k (13% of expenses). Other salaries and wages came to $732k. At year end it held assets of $2.7m against liabilities of $67k, net assets of $2.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.