Boy Scouts of America

Analysis

Boy Scouts of America is a registered charity in United States, based in Pensacola, FL. 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 $972k and spending of $1.2m, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $755k to $972k (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2020, when income rose by 30%. Over the whole period it spent 118% 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 81st percentile within FL. Charities of a similar size with the same main cause include Steamfitters U a Local 353 Educational Trust Fund ($972k), Heritage Manors of Southeast Arkansas Inc ($972k) and Kasson-Mantorville Nursery Group Inc ($972k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $128k (10% of expenses). Other salaries and wages came to $324k. It paid $1,500 in professional fundraising fees. At year end it held assets of $596k against liabilities of $1.2m, net assets of -$559k. It reported 42 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.