Bargains and Blessings

Analysis

Bargains and Blessings is a registered charity in United States, based in Willmar, MN. It received its IRS tax-exemption ruling in May 2016, 10 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 June 2023, Bargains and Blessings reported income of $798k and spending of $716k, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $321k to $798k (+149%), an average of +26% a year. The sharpest change came in the year to June 2021, when income rose by 79%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bargains and Blessings sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within MN. Charities of a similar size with the same main cause include Defenders of Freedom ($797k), Rise for Autism Inc ($798k) and Center for Community Building ($797k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.1% of the total. Compensation of current officers, directors and key employees was $78k (11% of expenses). Other salaries and wages came to $232k. At year end it held assets of $373k against liabilities of $148k, net assets of $225k. It reported 36 employees.