Bargain Bonanza Inc

Analysis

Bargain Bonanza Inc is a registered charity in United States, based in Clinton, IA. It received its IRS tax-exemption ruling in July 2009, 17 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 Bonanza Inc reported income of $514k and spending of $452k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $311k to $514k (+65%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bargain Bonanza Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within IA. Charities of a similar size with the same main cause include Lebanon Senior Citizens Center ($514k), Reliable Payee Services Inc ($514k) and Beef Logic Inc ($514k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.9% and program service revenue 98% of the total. Other salaries and wages came to $108k. At year end it held assets of $270k against liabilities of $1,647, net assets of $268k. It reported 12 employees.