Boy Scouts of America

Analysis

Boy Scouts of America is a registered charity in United States, based in Cranston, RI. It received its IRS tax-exemption ruling in November 1965, 61 years ago. 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, Boy Scouts of America reported income of $6.6m and spending of $7.6m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.0m to $6.6m (-5.9%), an average of -1.5% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boy Scouts of America sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within RI. Charities of a similar size with the same main cause include Southeastern Minnesota Area Agency on Aging Inc ($6.6m), Transcenter for Youth Inc ($6.6m) and Norwood Avenue Housing Corporation ($6.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $404k (5.3% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $30.8m against liabilities of $632k, net assets of $30.2m. It reported 315 employees.