Boy Scouts of America

Analysis

Boy Scouts of America is a registered charity in United States, based in Syracuse, 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 $1.4m and spending of $1.8m, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $1.4m (-16%), an average of -4.4% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 123% 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 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Desoto Towers Inc ($1.4m), Devcorp North ($1.4m) and Chuckanut Health Foundation ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $186k (10% of expenses). Other salaries and wages came to $452k. At year end it held assets of $3.2m against liabilities of $1.8m, net assets of $1.4m. It reported 42 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.