Bargain World Thrift Store

Analysis

Bargain World Thrift Store is a registered charity in United States, based in Lake Charles, LA. It received its IRS tax-exemption ruling in April 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bargain World Thrift Store reported income of $217k and spending of $224k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $219k to $217k (-0.9%), an average of -0.9% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bargain World Thrift Store sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within LA. Charities of a similar size with the same main cause include Delta Grace ($217k), Special Residential Opportunties Inc ($217k) and Joan Rose Foundation ($217k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $113k. At year end it held assets of $43k against liabilities of $1,824, net assets of $42k. It reported 7 employees.