Connecticut Yankee Council Boy Scouts of America

Analysis

Connecticut Yankee Council Boy Scouts of America is a registered charity in United States, based in Milford, 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, Connecticut Yankee Council Boy Scouts of America reported income of $3.9m and spending of $3.9m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.7m to $3.9m (-17%), an average of -4.7% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Connecticut Yankee Council Boy Scouts of America sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within CT. Charities of a similar size with the same main cause include National Alliance on Mental Illness of New York City Metro ($3.9m), Mind and Spirit Counseling Center ($3.9m) and Sojourn Shelter & Services Inc ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $234k (6.1% of expenses). Other salaries and wages came to $1.4m. It paid $5,632 in professional fundraising fees. At year end it held assets of $13.5m against liabilities of $1.1m, net assets of $12.3m. It reported 98 employees.