Born Again Bargains Inc

Analysis

Born Again Bargains Inc is a registered charity in United States, based in Philadelphia, MS. It received its IRS tax-exemption ruling in March 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 December 2023, Born Again Bargains Inc reported income of $74k and spending of $76k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $83k to $74k (-11%), an average of -3.0% a year. The sharpest change came in the year to December 2022, when income dropped by 27%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Born Again Bargains Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within MS. Charities of a similar size with the same main cause include Options for Affordable Housing ($74k), Silver State Legacy Foundation ($74k) and Houston Employee Relieforganization Inc ($74k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 152% of the total. Compensation of current officers, directors and key employees was $26k (34% of expenses). Other salaries and wages came to $17k. At year end it held assets of $27k against liabilities of $5,981, net assets of $21k. It reported 2 employees.