Boy Scouts of America

Analysis

Boy Scouts of America is a registered charity in United States, based in Memphis, TN. 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 $2.3m and spending of $2.7m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $2.3m (-4.2%), an average of -1.1% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 97% 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 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within TN. Charities of a similar size with the same main cause include National Black Empowerment Council Inc ($2.3m), D19 Transportation Service Inc ($2.3m) and Habitat for Humanity International Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $165k (6.2% of expenses). Other salaries and wages came to $722k. At year end it held assets of $9.6m against liabilities of $107k, net assets of $9.5m. It reported 98 employees.