Boy Scouts of America

Analysis

Boy Scouts of America is a registered charity in United States, based in Greeley, CO. 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 $2.8m and spending of $3.7m, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $2.8m (+4.0%), an average of +1.0% a year. The sharpest change came in the year to December 2020, when income rose by 18%. Over the whole period it spent 126% 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 89th percentile within CO. Charities of a similar size with the same main cause include The Helping Center of Marble Falls Area Inc ($2.8m), Jewish Community Federation of Greater Chattanooga ($2.8m) and Yolo Employment Services ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $246k (6.6% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $11.3m against liabilities of $1.5m, net assets of $9.7m. It reported 85 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.