Boy Scouts of America

Analysis

Boy Scouts of America is a registered charity in United States, based in Hartford, 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 $6.8m and spending of $4.6m, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.7m to $6.8m (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2023, when income rose by 84%. Over the whole period it spent 80% 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 92nd percentile within CT. Charities of a similar size with the same main cause include Juvenile Justice Center of Phila ($6.8m), Lancaster General Health-Columbia Center ($6.8m) and Somerset Valley Visiting Nurse Association Inc ($6.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $544k (12% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $12.9m against liabilities of $520k, net assets of $12.3m. It reported 199 employees.