Boy Scouts of America

Analysis

Boy Scouts of America is a registered charity in United States, based in Rochester, MN. 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 $1.1m and spending of $1.0m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $680k to $1.1m (+57%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 78%. Over the whole period it spent 90% 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 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MN. Charities of a similar size with the same main cause include Cumberland Valley Township Volunteer Fire Company ($1.1m), Carnegie Hall a Corporation ($1.1m) and Westfair Association ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $96k (9.6% of expenses). Other salaries and wages came to $245k. At year end it held assets of $3.5m against liabilities of $659k, net assets of $2.8m. It reported 6 employees.