Boy Scouts of America

Analysis

Boy Scouts of America is a registered charity in United States, based in Gastonia, NC. 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 $2.9m and spending of $2.7m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $2.9m (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 105% 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 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include Ascension Borgess Foundation ($2.9m), Moorestown Ecumenical Neighborhood Development Inc ($2.9m) and Aadvantage Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 22% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $7.9m against liabilities of $435k, net assets of $7.5m. It reported 69 employees.