Boy Scouts of America

Analysis

Boy Scouts of America is a registered charity in United States, based in Goldsboro, 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 $974k and spending of $983k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $974k (-50%), an average of -16% a year. The sharpest change came in the year to December 2020, when income dropped by 63%. Over the whole period it spent 100% 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 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within NC. Charities of a similar size with the same main cause include Abundant Life Towers II Inc ($973k), Southern New Hampshire University Student Government Association ($974k) and Babies & Beyond of Wi Inc ($973k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $368k (37% of expenses). At year end it held assets of $4.3m against liabilities of $231k, net assets of $4.0m. It reported 48 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.