Boy Scouts of America

Analysis

Boy Scouts of America is a registered charity in United States, based in Omaha, NE. 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 $7.0m and spending of $6.9m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.8m to $7.0m (+21%), an average of +5.0% a year. The sharpest change came in the year to December 2021, when income rose by 83%. Over the whole period it spent 183% 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 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within NE. Charities of a similar size with the same main cause include Restore Hope Ministries Inc ($7.0m), Special Olympics Ohio Inc ($7.0m) and Bread & Roses Community Fund ($7.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $268k (3.9% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $2.1m against liabilities of $1.1m, net assets of $998k. It reported 171 employees.