Boy Scouts of America

Analysis

Boy Scouts of America is a registered charity in United States, based in Louisville, KY. 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 $9.2m and spending of $5.3m, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.9m to $9.2m (+90%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 117%. Over the whole period it spent 84% 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 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within KY. Charities of a similar size with the same main cause include Schuylkill Community Action ($9.2m), Mahoning County Community Corrections Assoc Inc ($9.2m) and Ramsbottom Center Inc ($9.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $384k (7.2% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $32.2m against liabilities of $589k, net assets of $31.6m. It reported 141 employees.