Boy Scouts of America

Analysis

Boy Scouts of America is a registered charity in United States, based in Newport News, VA. 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 $1.9m and spending of $824k, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.9m (+74%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 155%. Over the whole period it spent 66% 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 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within VA. Charities of a similar size with the same main cause include Geohazards International ($1.9m), Lacreche Early Childhood Centers Inc ($1.9m) and Our Lady of Mercy Community Outreach Services ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $195k (24% of expenses). Other salaries and wages came to $206k. At year end it held assets of $2.6m against liabilities of $476k, net assets of $2.1m. It reported 6 employees.