Boy Scouts of America

Analysis

Boy Scouts of America is a registered charity in United States, based in Mankato, 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 $1.2m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.1m (+4.6%), an average of +1.1% a year. The sharpest change came in the year to December 2021, when income rose by 46%. Over the whole period it spent 110% 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 79th 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 National Lawyers Guild Foundation Inc ($1.1m), Galena Art & Recreation Center ($1.1m) and Danceworks Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $148k (12% of expenses). Other salaries and wages came to $263k. At year end it held assets of $3.5m against liabilities of $111k, net assets of $3.4m. It reported 33 employees.