Boy Scouts of America

Analysis

Boy Scouts of America is a registered charity in United States, based in Derby, CT. 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 $517k and spending of $594k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $873k to $517k (-41%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 60%. Over the whole period it spent 88% 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 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 68th percentile within CT. Charities of a similar size with the same main cause include Korean School of New Jersey ($517k), 931-933 Columbus Avenue Housing Development Fund Corporation ($517k) and Community Careers & Support Services ($517k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $5,225 (0.9% of expenses). Other salaries and wages came to $81k. At year end it held assets of $1.4m against liabilities of $79k, net assets of $1.3m. It reported 27 employees.