Boy Scouts of America

Analysis

Boy Scouts of America is a registered charity in United States, based in Morganville, NJ. 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 $4.4m and spending of $2.8m, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.3m to $4.4m (+1.2%), an average of +0.3% a year. The sharpest change came in the year to December 2021, when income rose by 387%. Over the whole period it spent 65% 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 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NJ. Charities of a similar size with the same main cause include Spokane Treatment and Recovery Services ($4.4m), East Yuma County Historical Society ($4.4m) and Justice Funders ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $191k (6.8% of expenses). Other salaries and wages came to $988k. At year end it held assets of $19.6m against liabilities of $2.2m, net assets of $17.4m. It reported 72 employees.