Hungarian Boy Scout Association in Exile Inc

Analysis

Hungarian Boy Scout Association in Exile Inc is a registered charity in United States, based in Morris Plains, NJ. It received its IRS tax-exemption ruling in June 1965, 61 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Hungarian Boy Scout Association in Exile Inc reported income of $693k and spending of $446k, leaving 36% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $483k to $693k (+44%), an average of +9.5% a year. The sharpest change came in the year to May 2022, when income rose by 158%. Over the whole period it spent 69% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Hungarian Boy Scout Association in Exile Inc 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 75th percentile, and in the 78th percentile within NJ. Charities of a similar size with the same main cause include Fly Compton Aeronautical Education Foundation Inc ($693k), Camp Susquehannock Inc ($693k) and Youth for Christ USA Inc ($691k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 64% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $71k (16% of expenses). At year end it held assets of $2.6m against liabilities of $27k, net assets of $2.6m. It reported 1 employees.