Boy Scouts of America

Analysis

Boy Scouts of America is a registered charity in United States, based in N Charleston, SC. It received its IRS tax-exemption ruling in January 1973, 53 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 2021, Boy Scouts of America reported income of $1.6m and spending of $1.5m, spending 94% of its income. Across the 3 years on record, from December 2019 to December 2021, income grew from $1.5m to $1.6m (+7.5%), an average of +3.7% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 111% 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 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within SC. Charities of a similar size with the same main cause include Linn County Advocate Inc ($1.6m), Nami Multnomah ($1.6m) and C N Wodehouse Faculty Benefit Trust at Seabury Hall ($1.6m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 53% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $121k (8.2% of expenses). Other salaries and wages came to $536k. At year end it held assets of $1.1m against liabilities of $390k, net assets of $721k. It reported 55 employees.