Boy Scouts of America

Analysis

Boy Scouts of America is a registered charity in United States, based in West Palm BCH, 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 $3.0m and spending of $2.7m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $3.0m (+4.3%), an average of +1.1% a year. The sharpest change came in the year to December 2020, when income dropped by 34%. Over the whole period it spent 94% 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 FL. Charities of a similar size with the same main cause include Boy Scouts of America ($3.0m), Lake Wales Care Center Inc ($3.0m) and Inner City Educational and Recreational Fund ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $296k (11% of expenses). Other salaries and wages came to $550k. At year end it held assets of $7.6m against liabilities of $1.6m, net assets of $6.0m. It reported 53 employees.