Bargain Box

Analysis

Bargain Box is a registered charity in United States, based in Hilton Head, SC. It received its IRS tax-exemption ruling in December 1971, 55 years ago. 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 Box reported income of $872k and spending of $869k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $856k to $872k (+1.9%), an average of +0.5% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bargain Box sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within SC. Charities of a similar size with the same main cause include Stoneleigh Housing Development Fund Co Inc ($872k), CRDC Maintenance Training Corp ($872k) and Reno Rodeo Foundation ($872k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.7% and program service revenue 91% of the total. Other salaries and wages came to $157k. At year end it held assets of $1.2m against liabilities of $3,203, net assets of $1.2m. It reported 7 employees.