Boy Scouts of America

Analysis

Boy Scouts of America is a registered charity in United States, based in Binghamton, NY. 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 $933k and spending of $1.5m, spending 161% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $933k (-35%), an average of -10% a year. The sharpest change came in the year to December 2022, when income rose by 112%. Over the whole period it spent 108% 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 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Congressional Management Foundation ($933k), Mediation Matters Inc ($933k) and Tri County Tech Endowment Fund Inc ($933k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $131k (8.7% of expenses). Other salaries and wages came to $491k. At year end it held assets of $5.5m against liabilities of $675k, net assets of $4.8m. It reported 49 employees.