Bhi Outlet

Analysis

Bhi Outlet is a registered charity in United States, based in Acworth, GA. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Bhi Outlet reported income of $505k and spending of $521k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $904k to $505k (-44%), an average of -14% a year. The sharpest change came in the year to December 2020, when income dropped by 28%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bhi Outlet sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within GA. Charities of a similar size with the same main cause include Ebenezer Glenn ($505k), Greater Seattle Bureau of Fearless Ideas ($505k) and Coordinated Charities of Athens ($505k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $54k (10% of expenses). Other salaries and wages came to $252k. At year end it held assets of $42k against liabilities of $318k, net assets of -$276k. It reported 20 employees.